Qualitative Goodwill Impairment Assessment — A Roadmap to Applying the Guidance in ASU 2011-08
Qualitative Goodwill Impairment Assessment — A Roadmap to Applying the
Guidance in ASU 2011-08 (May 2012)
Download the Roadmap (available
This publication addresses considerations related to
adopting and performing a qualitative assessment of goodwill
impairment in accordance with FASB ASU 2011-08, “Testing Goodwill
for Impairment.” Key topics discussed include:
Establishing and documenting the facts
that are relevant to reporting units and goodwill
Updating processes and related internal
controls in response to the guidance in ASU
Identifying reporting units that
bypass step 0 and proceed to step 1 of the
traditional two-step impairment analysis.
Evaluating events and circumstances to
support an assertion that it is not more likely than
not that the fair value of a reporting unit is less
than its carrying amount.
Documenting the conclusions reached in
the qualitative assessment.
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