goodwill-impairment - Question and answers

We recently acquired a subsidiary, and I need to perform annual impairment testing for goodwill as per IAS 36. I've reviewed the standard, but I'm unsure about calculating recoverable amounts and identifying cash-generating units (CGUs). I've tried using historical data, but the market conditions have changed. Any practical advice or examples would be greatly appreciated.

As an accountant at a manufacturing firm, I recently handled a merger and am struggling with goodwill impairment calculations. I've tried using standard discounted cash flow methods with a WACC of 8%, but the fair value estimates keep fluctuating due to market volatility. I need guidance on refining cash flow projections and selecting appropriate discount rates to avoid errors in reporting.