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Goodwill Impairment Trigger Analysis

Evaluates qualitative factors (Step 0) to determine if a quantitative impairment test is needed.

As a Technical Accountant, perform a 'Step 0' qualitative assessment for Goodwill impairment for the {reporting_unit}. Evaluate factors such as: 1. Macroeconomic conditions, 2. Industry/Market considerations, 3. Cost increases, and 4. Overall financial performance. Conclude if it is 'more likely than not' that the fair value is less than the carrying amount.

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Details

๐Ÿ“Š

Category

Financial Accounting

Consolidation & Intercompany

Tested With

โœ“ GPT-4oโœ“ Gemini 1.5 Pro

Tags

#Goodwill#Impairment#ASC 350

Added

6m ago

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