Many have started to question the goodwill impairment model under FASB ASC 350-20 and whether it paints the most accurate financial picture in light of the COVID-19 pandemic. In September, the Private ...

Find out why adequetely addressing year-end goodwill and long-lived asset impairment testing procedures improves financial audits, reviews and allows for greater transparency. Market equity prices and ...

The American Institute of CPAs’ Financial Reporting Executive Committee has published a working draft of a new AICPA Accounting and Valuation Guide, “Testing Goodwill for Impairment.” Processing ...

Assessing goodwill for impairment became more challenging during the COVID-19 pandemic because of significant changes in business operations and overall economic uncertainty. Considering goodwill ...

On Friday, the Financial Accounting Standards Board issued a proposed update to its requirements for testing goodwill for impairment. The proposal is a response to concerns expressed by non-public ...

Many companies are not making use of an optional, qualitative goodwill impairment test FASB recently introduced to enable less burdensome financial reporting, a new survey report shows. Just 29% of ...

Companies now have some new, simpler guidance to follow to determine whether they need to perform a full-blown test of the goodwill balance in their financial statements, but that doesn’t necessarily ...

Learn about asset impairment, its impact on financial statements, and how it's recognized. Understand how impairment differs from depreciation in accounting.

In January 2017, the Financial Accounting Standards Board (FASB) issued amendments to its Accounting Standards Codification Topic 350, Intangibles: Goodwill and Other (ASC 350). ASC 350 describes the ...

Jeff Bartel, Chairman & Managing Director of Hamptons Group, LLC, an alternative investment & strategic advisory firm headquartered in Miami. To continue ...

The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for ...

As energy market capitalizations decline, addressing year-end goodwill and long-lived asset impairment testing will be paramount in 2021. Market equity prices and indices continued to decrease for ...