Program Description: The objective of the course is to enable participants to master complex areas such as goodwill impairment testing, indefinite-lived intangible assets evaluation, and amortization of finite-lived intangible assets through practical examples and case studies across various industries. The course addresses the latest updates, implementation challenges, and disclosure requirements, ensuring participants can confidently apply ASC 350 principles in their professional roles. ASC 350—Intangibles—Goodwill and Other—also covers in-depth topics such as identification of intangible assets, impairment indicators and the impact of business combinations on intangible assets.
Course Coverage:
- Scope and Objective of ASC 350
- Initial recognition and measurement of Intangibles
- Intangibles acquired in a Business Combination
- Defensive Intangible Assets
- Useful life and Subsequent measurement
Learning Objectives:
(1) Understand the scope and objective of ASC 350 and recognize the principles governing the accounting for intangible assets and goodwill.
(2) Identify the initial recognition and measurement criteria for intangible assets, including internally developed and acquired intangibles.
(3) Distinguish the accounting treatment for intangible assets acquired in a business combination, including allocation of purchase price and recognition of goodwill.
(4) Explain the concept of defensive intangible assets and how they are accounted for under ASC 350.
Passing Score: 70%
Validity of the course: August 2025 – October 2030
Available from: August 2025
Available Discount: Group discounts of 10% available for 5 or more participation
Last Updated: August 2025
Program Registration: To register for the program, please visit www.eyvirtualacademy.com and click on Add to Cart to register for the program.
Program Access: The participants will have access to the program for a period of 1 year starting from the date of enrolment.
Keywords: Goodwill, Intangible Assets, Impairment Testing, Business Combinations, Initial Recognition, Measurement, Defensive Intangibles, Useful Life, Amortization, Subsequent Measurement, Finite-lived Intangibles, Indefinite-lived Intangibles, Purchase Price Allocation, Impairment Indicators, Disclosure Requirements, ASC 350, US GAAP, Accounting, Online Learning, CPA, CPE, Certification
Special Notice:
- Ernst & Young Associates LLP-India is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
- CPE credits will be awarded upon successful completion of the content and passing the exam on securing 70% or above.
- Each Participant has the flexibility to take unlimited attempts to clear the assessment.
- Contact Ernst & Young Associates LLP-India (askeyexpert@in.ey.com) for assistance.
Complaint Policy: For any content related query, you may write to askeyexpert@in.ey.com . For any complaints you may connect with chandra.kargeti@in.ey.com. Escalation: neha.tuteja@in.ey.com
Refund Policy: We do not offer refunds once the participants have accessed any course materials. Course material includes videos, content, quizzes and assessments.
