1. Firms should conduct the impairment test for goodwill at least annually. Accounting standards require more frequent impairment testing if some events occur.

Identify the main events upon which goodwill undergoes a test for its impairment.

2. Provide one recent example from the real world for a company that made the goodwill impairment test and reported goodwill impairment charges (Excluding Coca Cola Company). Your answer must be in a tabular format, and cover all the following points:

	Example
Name of the company
The year
The amount and details of goodwill impairment charges as mentioned in the annual report The URL (Internet address) of the annual report The page number(s) in the annual report.
The specific underlying business reasons (in details)that required these companies to record the goodwill impairment charges.

(Answers not provided in a tabular format will be disregarded and any examples given dated before the year 2001 will not be considered).

2. Explain in details, 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 and test(s) applied and its steps (i.e. Methods of determining impairment of goodwill)
• How impairment loss is recognized and allocated.(i.e. impairment loss[charge] calculation and allocation)
• Amortization and impairment of intangible assets other than goodwill.

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

	IFRS	GAAP
Assignment/allocation of goodwill
Impairment of goodwill
How impairment loss is recognized and allocated
Amortization and impairment of intangible assets other than goodwill

(You must support your answer in this question with quality and up to date references.)