Goodwill impairment testing

Using the new "Step 0" to reduce costs



Goodwill impairment testing may get simpler when companies adopt guidelines recently issued by the Financial Accounting Standards Board (FASB).  Watch the replay of our October 18 webcast where we reviewed how to use the qualitative approach outlined by the new standard, which we call "Step 0" (see below). Find out how using this approach may reduce preparer costs by streamlining the annual goodwill impairment testing process. Hear insights from PwC and Bert Nappier, Staff Vice President and Corporate Controller, FedEx Corp., on how companies are planning to use Step 0.

The revised standard modifies the two-step goodwill impairment test by introducing a screening process, or "Step 0". Using this approach, companies can assess "qualitatively" whether it is more likely than not that a reporting unit's carrying amount is greater than its fair value. If the answer is "no," then no further testing would be required.

Webcast topics include:
  • Overview of new goodwill impairment testing model – "Step 0"
  • Current "market" reactions
  • PwC point of view
  • Top 10 implementation suggestions
  • Illustrative example  
  • Next steps
Guest panelist:
  • Bert Nappier, Staff Vice President and Corporate Controller, FedEx Corp.
PwC presenters:
  • Donna Coallier, Partner, Transaction Services, Valuation practice
  • Kevin Maguire, Principal, Transaction Services, Valuation practice
  • Richard Greenwood, Partner, Assurance Services
Who should attend?
CFOs, controllers, and directors of accounting, finance or financial reporting.

CPE credit:
CPE credit is not available for those who did not view the live webcast on October 18.

Click here to download an overview of "Step 0", including Top 10 implementation suggestions.

Watch the replay of our webcast - Register below to access this webcast for up to one year after the live webcast date. CPE credits are not offered after the live webcast date.
Webcast contact
Joseph Polito
(305) 347 3530
Email Joseph