COVID-19 as a Triggering Event in the Goodwill Impairment Testing

Atanas Atanasov ()

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2021, vol. 10, issue 3, 177-184

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 (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:v:10:y:2021:i:3:p:177-184

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