Attend upcoming webinar and earn continuing education credits. GAAP Alternatives in Accounting for Goodwill | | | | | | | October | | 24 | 1 pm - 2:15 pm ET | | Presenter: Mark Zyla, managing director of Acuitas, Inc. | | Credits: CPE, IRS EA (Credit Details) | | Can't attend live? By registering, you will be able to view the course live, view a recording at any time after the live presentation, or both. | | Viewing Options: View on your computer, tablet, or smartphone | | | | | | | | | | In this webinar, you'll learn about new developments in accounting for goodwill in financial reporting. You'll learn about private company alternative accounting, the fair value quality initiative, testing goodwill for impairment and other audit concerns. Upon completion of this course, you will be able to: - Explain the history of fair value measurements in financial reporting
- List accounting standards in accounting for goodwill, including:
- ASC 820 fair value measurement
- ASC 805 business combinations
- ASC 350 goodwill and other intangible assets
- ASU 2011-08 "Step Zero"
- Recognize the relationship between ASC 350 and ASC 360 plant, property and equipment
- Identify issues in accounting for goodwill, including:
- Impairment tests
- Goodwill as a residual value
- Assigning to reporting unit
- Triggering events
- Identify Private Company Council ("PCC") issues, including:
- The development of private company council
- Big GAP/little GAAP
- Private company accounting alternatives
- Whether private companies should elect the alternatives
- Utilize guidance on fair value, including:
- Security and Exchange Commission guidance
- Market participant acquisition premiums
- PCAOB guidance for auditing fair value
- PCAOB audit deficiencies related to testing goodwill for impairment
- Issues in auditing fair value
- Differentiate between accounting for goodwill under GAAP and IFRS
| | | | | | | Mark L. Zyla CPA/ ABV, CFA, ASA is managing director of Acuitas, Inc., an Atlanta, Georgia, based valuation and forensic accounting firm. Mr. Zyla leads the firm's valuation practice. He is author of Fair Value Measurements: Practical Guidance and Implementation. Mr. Zyla was recently named Chairman of the Standards Review Board of the International Valuation Standards Council. He is a graduate of Georgia State University. | | | | | | | | | ● Earn continuing education credit for no additional fee ● Access courses on your computer, tablet, or smartphone ● More than 75 live webinars each month ● More than 1,300 on-demand courses | | | | | |
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