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Goodwill Impairment What Is the Two-Step Process Necessary to Evaluate the Impairment

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Goodwill impairment
What is the two-step process necessary to evaluate the impairment of goodwill?


Definitions:

Product Concepts

The overall idea or understanding behind a product that is designed to meet the needs and wants of customers.

Viable

Capable of working successfully or feasibly, especially in the context of a new business or project.

Business Analysis

The practice of identifying business needs and determining solutions to business problems through analysis of data, processes, and systems.

Product Development

A marketing strategy that involves creating new goods and services for existing markets.

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