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 ...

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 ...

The American Institute of CPAs’ Financial Reporting Executive Committee and the AICPA’s Impairment Task Force plan to release the final version of a new AICPA Accounting and Valuation Guide, "Testing ...

ARs often need writing off due to client defaults or economic downturns, impacting a firm's financial health. Goodwill impairment occurs when acquired assets fail to deliver expected value, leading to ...

Darden Restaurants Inc. set itself apart in late 2008 by not doing something many of its competitors were forced to do—namely, taking goodwill impairment charges. The casual-dining company, based in ...

Sometimes a retail business is more than the sum of it's parts. It's not uncommon for a business owner to sell his business for more than the value derived from experts and analysts. The difference ...

Intangible assets, such as copyrights, patents, trademarks and goodwill, don't have physical substance but still contribute value to a company. Accountants record intangible assets according to their ...

When goodwill is occupying a progressively larger share of assets and growing faster than revenue, profit, and cash flow...look out. The table below shows why this matters. Since 2015, over 30% of IBM ...