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

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  • Atanas Atanasov

    (University of Economics - Varna, Bulgaria)

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.

Suggested Citation

  • Atanas Atanasov, 2021. "COVID-19 as a Triggering Event in the Goodwill Impairment Testing," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 10(3), pages 177-184, December.
    • Handle: RePEc:vra:journl:v:10:y:2021:i:3:p:177-184
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2021.10.3/177-184.pdf
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    goodwill impairment; indicators; COVID-19; triggering event; IAS 36;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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