COVID-19 as a Triggering Event in the Goodwill Impairment Testing
Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2021,10(3), pp.177-184.
9 Pages Posted: 9 Feb 2022
Date Written: December 23, 2021
Abstract
The purpose of this article is to review and analyze the existing regulation of the accounting impairment of goodwill in the financial statements of enterprises in the light of the COVID-19 pandemic, answering the question of whether COVID-19 can be considered as a “triggering event” in the performance of the impairment test. As a result of the study it was concluded that the assessment of whether COVID-19 is a "triggering event” with material impact on goodwill impairment should be made on the basis of enterprise-specific indicators and should be performed holistically.
Keywords: goodwill impairment, indicators, COVID-19, triggering event, IAS 36
JEL Classification: M41
Suggested Citation: Suggested Citation