Glomont CPA Exam Review: Financial Accounting and Reporting: Intangible Assets (other than goodwill) and Goodwill (including impairment) (2022 Edition): Includes AICPA Released Questions

Table of ContentsIntangible Assets (Other than Goodwill)
1.0 PURCHASED INTANGIBLE ASSET
2.0 INTERNALLY DEVELOPED INTANGIBLE ASSET
3.0 ACCOUNTING FOR INTANGIBLE ASSETS
3.1 Indefinite Useful Life
3.2 Finite Useful Life
3.2.1 AMORTIZATION METHODS
3.2.2 CHANGE IN USEFUL LIFE
4.0. IMPAIRMENT OF INTANGIBLE ASSETS
4.1 Impairment of Indefinite Useful Life Intangible Assets
4.1.1 OPTIONAL QUALITATIVE IMPAIRMENT ASSESSMENT
4.1.2 QUANTITATIVE IMPAIRMENT TEST
4.2 Impairment of Finite Useful Life Intangible Assets
4.2.1 STEPS TO IDENTIFY AND MEASURE IMPAIRMENT
4.2.2 THE ADJUSTED CARRYING AMOUNT BECOMES NEW
COST BASIS
Goodwill (Including Impairment)
1.0 INTERNALLY GENERATED GOODWILL
2.0 GOODWILL IMPAIRMENT TEST
2.1 Optional Qualitative Impairment Assessment
2.2 Quantitative Impairment Test
3.0 ACCOUNTING ALTERNATIVE
3.1 Accounting Alternative for Amortizing Goodwill
3.1.1 AMORTIZATION OF GOODWILL
3.1.2 RECOGNITION AND MEASUREMENT OF A GOODWILL IMPAIRMENT LOSS
3.1.3 PRESENTATION OF GOODWILL UNDER ACCOUNTING ALTERNATIVE FOR AMORTIZING GOODWILL
3.2 Accounting Alternative for a Goodwill Impairment Triggering Event Evaluation

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