FASB Gives Private Companies Goodwill Accounting Break
Assessments and tests for goodwill impairment can be left until the end of the reporting period.
Sequential Brands Accused of Accounting Fraud
The SEC says senior finance personnel improperly accounted for goodwill to create a false impression of the company's financial health.
Goodwill Impairment Testing: Time to Revisit?
FASB’s invitation to comment on goodwill accounting lays out possible cases for doing away with or improving impairment testing.
Kraft Heinz to Restate Results for Nearly 3 Years
The company says employee misconduct resulted in the cost of products sold being understated by $181 million.
Balance Sheets Filled With Goodwill
But goodwill impairments are on the rise, having climbed 23% in 2017.
Verizon to Take $4.6B Writedown on Media Unit
After spending $8.9 billion to acquire Yahoo and AOL, the telecom giant is reducing the goodwill value of its media brands to only $200 million.
GE’s Big Goodwill Impairment Draws Scrutiny
The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GE's accounting practices.
How Important Are Intangible Asset Impairments?
Where there are impairments for intangible assets such as goodwill, other liabilities may be lingering on the balance sheet as well.
FASB Looks to Cut Goodwill Valuation Costs
Companies wouldn’t have to calculate the assets and liabilities of acquired units, according to FASB’s goodwill proposal.