After completing this course, the learner should be able to:
- Discuss how to initially calculate goodwill under U.S. GAAP, including significant simplifications available to nonpublic business entities
- Explain how to initially account for the buyer's acquisition-related costs (such as legal, valuation, and other fees), as well as any seller's costs paid for by the buyer
- Describe the subsequent measurement and reporting of goodwill and acquisition‐related costs, including impairment considerations
Jennifer F. Louis, CPA, has over 25 years of experience in designing and instructing high quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering practical and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc. Jennifer started her career in Audit for Deloitte & Touche LLP. Jennifer graduated summa cum laude from Marymount University with a B.B.A.-Accounting.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823