On November 4, 2011 the AICPA's Financial Reporting Executive Committee (FinREC) issued a working draft of the AICPA Accounting and Valuation Guide Testing Goodwill for Impairment. Developed by the AICPA Impairment Task Force, the draft release provides non-authoritative guidance and illustrations for valuation specialists, preparers of financial statements, and independent auditors regarding goodwill impairment testing.

In "Goodwill Impairment: Qualitative Assessments & the FinREC Exposure Draft" impairment task force member and valuation expert Mark Zyla joins BVR for a discussion on the exposure draft, the task force's reasoning in some of their guidelines, and a critical look at the qualitative assessment of goodwill. Through this hour-long presentation attendees will have the opportunity to learn what's in the exposure draft, how to best help improve this guidance through the feedback process, and what these guidelines mean for the qualitative assessment of goodwill.

Download a copy of the exposure draft, Accounting and Valuation Guide Testing Goodwill for Impairment, here.

• Provide Background on Impairment Testing
• Discuss the Two-Step Goodwill Impairment Test
• Discuss the FASB's Accounting Standard Update 2011-08 allowing qualitative assessments
• Discuss the AICPA's Goodwill Impairment Working Draft Guide
• Describe Best Practices and Issues Regarding Impairment

• Learn how the exposure draft seeks to provide clarity on assessing goodwill impairment
• Learn which considerations were made in exposure draft revisions and how these seek to aid practitioners
• Understand the impact these changes are projected to have
• Learn how to participate in the revision process with comments and feedback