The IASB is listening to investors' concerns about goodwill and impairment

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. Which of these represents the new alternative for lessees under rent concessions due to COVID-19?

  2. Which of the following represents the alternative for lessors in relation to rent concessions due to COVID-19 under IFRS 16?

  3. Which of these is currently required per IFRS 3?

  4. Which, if any, of the following items are covered by the goodwill and impairment discussion paper? Item 1 - Disclosures surrounding the acquisition. Item 2 - The impact of reversing goodwill impairment

  5. Which of the following is NOT proposed under the new discussion paper?

  6. Which of the following is true regarding the metrics used by an entity?

  7. To which acquisitions would the requirements apply?

  8. Which of the following is proposed to be disclosed in terms of synergies?

  9. Which, if any, of the following statements is correct? Statement 1 - Entities can elect to not follow the disclosure requirements if doing so would disclose sensitive information. Statement 2 - Entities can elect not to follow the disclosure requirements if doing so would be excessively costly.

  10. When are comments due on the discussion paper?