... to acknowledge that they overpaid, leading to delayed recording of goodwill impairment. Students must apply higher-order learning skills to evaluate the appropriateness of managerial assumptions in assessing goodwill. The case is most appropriate for use in intermediate accounting, accounting theory...

... setting to the higher expectations common in graduate accounting programs and the workplace. This hypothetical case provides an interesting scenario on goodwill impairment to facilitate the development of students' understanding of accounting theory and its connection to professional research skills...

...Anna J. Johnson-Snyder; Mark J. Kohlbeck ABSTRACT This case uses a goodwill impairment setting to introduce intermediate and advanced accounting students to business valuation (that is, estimating the fair value of a business unit). Tombstone, Inc. previously acquired JH Outfitter's (JHO...

...' abilities to analyze and recommend alternatives for a complex accounting issue, goodwill impairment, which is very relevant in today's business world. This case can be used in an undergraduate or graduate accounting class, either in groups of students or as an individual student project. We thank...