Briefly explain the differences between the IFRS and GAAP after FASB issued ASU 2017 04 to simplify the accounting for goodwill impairment) regarding the following Assignment allocation of goodwill (i e The levels at which goodwill is assigned allocated Impairment of goodwill, test(s) applied, how impairment loss is recognized and allocated (In case the impairment loss exceeds or does not exceed the carrying value of goodwill), and reversal of impairment Amortization and impairment of intangible assets other than goodwill Non Controlling interest Answer this question in a tabular format, like the following one IFRS GAAP Assignment allocation of Goodwill Impairment of goodwill Reversal of impairment Amortization and impairment of intangible assets other than goodwill Non Controlling interest ( You must support your answer in this question with quality references ) Briefly explain the differences between the IFRS and GAAP (after FASB issued ASU 2017 04 to simplify the accounting for goodwill impairment) regarding the following Assignment allocation of goodwill (i e The levels at which goodwill is assigned allocated Impairment of goodwill, test(s) applied, how impairment loss is recognized and allocated (In case the impairment loss exceeds for does not exceed the carrying value of goodwill), and reversal of impairment Amortization and impairment of intangible assets other than goodwill Non Controlling interest (25 marks) Answer this question in a tabular format, like the following one IFRS GAAP Assignment allocation of Goodwill Impairment of goodwill etc 4 (You must support your answer in this question with quality references )

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Briefly explain the differences between the IFRS and GAAP after FASB issued ASU 2017-04 to simplify the accounting for goodwill impairment) regarding the following: Assignment/allocation

Briefly explain the differences between the IFRS and GAAP after FASB issued ASU 2017-04 to simplify the accounting for goodwill impairment) regarding the following:

Assignment/allocation of goodwill. (i.e. The levels at which goodwill is assigned /allocated.
Impairment of goodwill, test(s) applied, how impairment loss is recognized and allocated (In case the impairment loss exceeds [or does not exceed] the carrying value of goodwill), and reversal of impairment.

Amortization and impairment of intangible assets other than goodwill
Non-Controlling interest.

Answer this question in a tabular format, like the following one:

	IFRS	GAAP
Assignment/allocation of Goodwill
Impairment of goodwill
Reversal of impairment
Amortization and impairment of intangible assets other than goodwill



Non-Controlling interest

(You must support your answer in this question with quality references.)

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Briefly explain the differences between the IFRS and GAAP (after FASB issued ASU 2017-04 to simplify the accounting for goodwill impairment) regarding the following: - Assignment/allocation of goodwill. (i.e. The levels at which goodwill is assigned /allocated. Impairment of goodwill, test(s) applied, how impairment loss is recognized and allocated (In case the impairment loss exceeds for does not exceed] the carrying value of goodwill), and reversal of impairment. Amortization and impairment of intangible assets other than goodwill - Non-Controlling interest. (25 marks) Answer this question in a tabular format, like the following one: IFRS GAAP Assignment/allocation of Goodwill Impairment of goodwill .....etc 4 (You must support your answer in this question with quality references.)