Accounting for Intangibles

Overview

Intangible assets can significantly impact a company’s balance sheet if misvalued. ASC 350 outlines when and how to test for impairment, recognize, and report it. This course covers intangible asset impairment rules, distinguishing between finite-lived (e.g., patents) and infinite-lived assets (e.g., goodwill), with a focus on goodwill impairment.

Find this course for your license

License or Certification

Regulator

Objectives

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 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 specific aspects of the private company alternative to goodwill impairment
recognize recent developments with respect to goodwill impairment testing

Designed For:

Practicing CPAs, CFEs, and CMAs both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel

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: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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