Amortisation ruled out

What is the current approach for goodwill?

Amortisation only

None of these

A blend of amortisation and impairment

Impairment only

Which of these is an issue relating to the current situation surrounding goodwill impairment?

Impairment is recognised 'too little, too late'

None of these

Impairment is reversed too soon

Impairment calculations are often not disclosed to users

Which, if any, of the following statements are true regarding the IASB's decisions regarding goodwill? Statement 1, The amortisation of goodwill will not be reintroduced, or Statement 2, The project will move forward to the standard-setting phase

Both statements

Statement 2 only

Statement 1 only

Neither statement

Which of these is identified as a problem associated with goodwill impairment?

It is done too little, too late

All of these

It is less reliable than amortisation

It is too extreme

What is the new name for the goodwill and impairment project?

Business Combinations - Goodwill, Impairment and Judgement

Goodwill and impairment

Business Combinations - Impairment decisions

Business Combinations - Disclosures, Goodwill and Impairment

What is a tentative proposal regarding disclosures relating to goodwill?

Disclosing goodwill by reportable segment

Disclosing goodwill for major entities only

Disclosing goodwill by location

Disclosing goodwill for each cash-generating unit

Which of the following issues were noted in respect of reintroducing goodwill amortisation?

It could lead to problems raising finance

It could lead to negative equity in firms

It could be costly

All of these

Which of these is proposed in terms of disclosures relating to goodwill? Proposal 1, disclosing the strategic rationale for undertaking the business combination, or Proposal 2, disclosing quantitative information about expected synergies

Proposal 1 only is correct

Neither proposal is correct

Both proposals are correct

Proposal 2 only is correct

Which of the following items does not currently need an annual impairment review?

An intangible asset with an indefinite life

Goodwill

An intangible asset not yet ready for use

An intangible asset with a life of 10 years

Which, if any, of the following statements is correct? Statement 1, The proposed disclosures include identifying 'strategically important' business combinations, or Statement 2, A business combination is 'strategically important' if its profit is more than 5 percent of the acquirer’s profit

Statement 2 only is correct

Statement 1 only is correct

Both statements are correct

Neither statement is correct

Amortisation ruled out

What is the current approach for goodwill?

Which of these is an issue relating to the current situation surrounding goodwill impairment?

Which, if any, of the following statements are true regarding the IASB's decisions regarding goodwill? Statement 1, The amortisation of goodwill will not be reintroduced, or Statement 2, The project will move forward to the standard-setting phase

Which of these is identified as a problem associated with goodwill impairment?

What is the new name for the goodwill and impairment project?

What is a tentative proposal regarding disclosures relating to goodwill?

Which of the following issues were noted in respect of reintroducing goodwill amortisation?

Which of these is proposed in terms of disclosures relating to goodwill? Proposal 1, disclosing the strategic rationale for undertaking the business combination, or Proposal 2, disclosing quantitative information about expected synergies

Which of the following items does not currently need an annual impairment review?

Which, if any, of the following statements is correct? Statement 1, The proposed disclosures include identifying 'strategically important' business combinations, or Statement 2, A business combination is 'strategically important' if its profit is more than 5 percent of the acquirer’s profit

You scored

0

out of

0

Test passed. Enter your details to download your certificate. Your certificate will also be sent to you by email.

Our sites

Useful links

Using this site

Contact us

Planned system updates