Goodwill

The impairment test for goodwill is performed at
the lowest level within the entity at which goodwill
is monitored for internal management purposes,
provided that the unit or group of units to which
goodwill is allocated is not larger than an operating
segment as reported in accordance with IFRS 8.

Goodwill in the accounting context represents amounts paid in excess of the fair value of the identifiable net assets for a business acquisition. The accounting for goodwill has long been a subject of debate and remains so today. Indeed, the guidance for goodwill accounting has been significantly revised by regulators twice since 2001 (2001 and 2011). Despite these recent and significant revisions, the topic is back on the Financial Accounting Standards Board (FASB) agenda as the FASB added a project to once again discuss the optimal treatment for goodwill (Financial Accounting Standards Board, 2015).

Sources:

IFRS in Your Pocket 2019

https://www.sciencedirect.com/science/article/abs/pii/S1052045716000035

https://www.sciencedirect.com/science/article/abs/pii/S1052045716000035

https://pdf.sciencedirectassets.com/277811/1-s2.0-S1877042813X00254/1-s2.0-S1877042813028863/main.pdf?X-Amz-Security-Token=IQoJb3JpZ2luX2VjEMv%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCXVzLWVhc3QtMSJHMEUCIQDWWm%2BZ72qblFVjIzkRFD5fYvGgKyGPsj3thXGSojNZ8QIgDXKKylIqjc

https://www.juridicainternational.eu/public/pdf/ji_2009_1_126.pdf

https://www.sciencedirect.com/science/article/abs/pii/S1052045716000035

https://www.cpajournal.com/2019/11/27/the-challenge-of-accounting-for-goodwill/