FASB Gives Private Companies Goodwill Accounting Break
Assessments and tests for goodwill impairment can be left until the end of the reporting period.
Is COVID-19 a Triggering Event for Impairment Testing?
Once companies are able to assess impacts to actual and forecasted results, they should consider whether such impacts represent a triggering event.
FASB Turns Up the Heat on Goodwill Impairment Testing
The accounting standard setter's apparent lean toward allowing public companies to amortize goodwill ignores key analytical and economic consequences.
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.