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

Atanasov, Atanas, COVID-19 as a Triggering Event in the Goodwill Impairment Testing (December 23, 2021). Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2021,10(3), pp.177-184., Available at SSRN: https://ssrn.com/abstract=4028873 or http://dx.doi.org/10.2139/ssrn.4028873

Atanas Atanasov (Contact Author)

University of Economics - Varna ( email )

77 Knyaz Boris the 1st Blvd
Varna, 9000
Bulgaria

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