Thursday 23 May 2024


12:00 pm


1.5 CPD Hours

Session Topic

Focus on goodwill accounting and impairment

Goodwill accounting and impairment can be challenging for both accountants and auditors. See ASIC-inspired corporate restatements and the commission’s inspection findings. This session will review goodwill accounting and disclosure requirements of AASB 3 Business Combinations and AASB 136 Impairment of Assets and related contemporary issues. Examples will be provided.

The session looks at:

  • Goodwill determinations arising from a business acquisition under AASB 3
  • Timing of impairment testing
  • Goodwill allocation to cash-generating units
  • How to determine goodwill impairment
  • Reversal of impairment
  • Disclosures, and
  • Other standards that you may not have considered.
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This session is presented by:

Corporate Headshot

Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients.

Carmen is a former Board member of the AASB (2012 – 2020) and a former member of the IFRS for SME implementation committee (2020 – 2023).