Goodwill Impairment

A Roadmap to Goodwill and Intangible Assets Accounting - Deloitte

In efforts to reduce the cost and complexity of goodwill impairment testing, the accounting models for goodwill have changed significantly from the model ...

What is a Goodwill Impairment? - Vintti

A goodwill impairment indicates that a company overpaid for an acquisition in the past, and that the acquired assets are now worth less than the ...

Goodwill Impairment Basics (GWIB) - Surgent CPE

This course provides a basic overview of goodwill impairment testing. The accounting and reporting requirements related to goodwill are prescribed by the ...

Spotlight on Goodwill Impairment: What Triggers Testing? - CBIZ

What is a triggering event? · Deteriorating macroeconomic conditions · A deteriorating environment in which the entity operates (i.e., the ...

Accounting Resources for ASC 350, ASC 360, & IAS 36

Both indefinite-lived intangible assets and goodwill are not amortized; therefore, impairment testing is required to be performed on an annual basis (at a ...

Realizing the strategic value of goodwill impairment valuations - EY

Goodwill impairment valuations are required for financial reporting standards and can also be valuable for strategic decision-making.

Summary of Statement No. 142 - FASB

Impairment losses for goodwill and indefinite-lived intangible assets that arise due to the initial application of this Statement (resulting from a transitional ...

GOODWILL IMPAIRMENT TEST: CAN IT BE IMPROVED? - EFRAG

goodwill, including the goodwill impairment testing requirements in IAS 36 Impairment of Assets. 1.3 In July 2014, EFRAG together with the ASBJ and the OIC ...

Goodwill Impairment: Updated Standard Offers Reporting Relief - Paro

The impairment guidelines do not require specific disclosures or footnotes regarding the triggering events, which should be a consideration if you are the one ...

Goodwill and Asset Impairment Testing - MPI

This memo outlines goodwill impairment assessment and goodwill impairment guidance, how to test for goodwill impairment, and provides background on changes ...

ASC 350-20: Goodwill Impairment Loss Journal Entries for Intangibles

In this article, we will discuss the key aspects of ASC 350-20 and provide examples of journal entries to illustrate the accounting treatment of goodwill ...

Leading Indicators of Goodwill Impairment

SFAS 142, Goodwill and Other Intangible Assets, eliminates goodwill amortization, requiring instead that goodwill be evaluated annually for possible impairment.

Goodwill impairment, M&A, and industry development—Empirical ...

This paper examines the impact of goodwill accounting on corporate M&A and industry development. The paper finds that adopting the goodwill impairment test ...

Illumina to take $1.47 bln goodwill impairment charge ... - Reuters

Illumina said on Thursday it will take a goodwill impairment charge of $1.47 billion in the second quarter related to recently spun-off ...

Goodwill (accounting) - Wikipedia

... goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an ...

Modeling Goodwill for M&A and Impairment Testing - Macabacus

This article will answer these questions, highlighting how goodwill arises, its impact on a company's balance sheet, and how to model it effectively.

Goodwill Impairments Are on the Rise. Surprised? - Mercer Capital

Despite the increase in impairment charges taken in 2020, the number of small-cap companies reporting year-end goodwill balances increased in 2020 and continued ...

Private Company and Not-For-Profits: Goodwill Impairment Testing

This article addressed several factors for consideration regarding potential impairment triggering events for privately held companies and not-for-profit ...

Accounting for the impairment of goodwill and other long-lived assets

The qualitative assessment options and additional information about the private company alternative and elimination of Step 2 from the goodwill impairment model ...

Goodwill Impairment Testing: The Ins and Outs of Compliance with ...

In this article, we delve into the critical importance of goodwill and intangible asset impairment testing as stipulated in these standards.