Accounting for Intangibles


Intangible assets can represent a large portion of a company's value and carrying such assets at the wrong value can have a significant impact on the reliability of the company's balance sheet. Accounting Standards Codification 350 (ASC 350) provides the rules for determining when such assets need to be tested for a decline in value, how to determine whether and how much impairment should be recognized, and how to account for and report such impairments.

This course provides an overview of intangible asset impairment rules, showing the important distinctions based on an asset's character as finite-lived (like a patent or copyright) or infinite-lived (like goodwill or trademark). Special focus is placed on goodwill impairment.


Learning Objectives

Upon completion of this course, students will be able to:
  • recognize the criteria required to be met in order to recognize an intangible asset
  • differentiate between the various types of intangible assets identify subsequent measurement requirements for intangible assets
  • identify presentation and disclosure requirements for intangible assets
  • identify the initial and recognition and measurement requirements for goodwill
  • recognize characteristics of reporting units as it relates to goodwill impairment testing
  • differentiate between the required steps in the goodwill impairment process
  • identify requirements around the derecognition of goodwill
  • identify specific aspects of the private company alternative to goodwill impairment
  • recognize recent developments with respect to goodwill impairment testing

Designed For

CPAs, CMAs, CFEs, and other finance and accounting advisors, as well as controllers, asset managers, and other business professionals

Advanced Preparation


WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Find this course for your license:

License or Certification