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Testing for Goodwill Impairment Just Got Easier for Everyone
Posted by Robert Miller on Thu, Sep 21, 2017 @ 01:58 PM

All entities—not just private companies—will soon have a streamlined process for testing for goodwill impairment. The Financial Accounting Standards Board (FASB) recently released Accounting Standards Update 2017-04, Intangibles—Goodwill and Other (Topic 350)-Simplifying the Test for Goodwill Impairment (ASU 2017-04).

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Topics: goodwill, Tests for Impairment of Goodwill, goodwill impairment, FASB, Robert Miller, Testing for Goodwill

Goodwill Impairment Evaluation Adds a Flexible Twist
Posted by Kristen Shepley on Thu, May 17, 2012 @ 09:39 AM

Goodwill Impairment Testing can be Qualitative or Quantitative, but Your Business Should Have a Good Explanation for the Former

Goodwill by accounting standards represents the value of a business above and beyond just its financial and physical assets. Many times the business' intangible values are tracked as goodwill, such as the business' good reputation which generates sales by referral. Measurement of goodwill impairment is a two part test that measures the fair value of a Company’s reporting unit to the reporting unit’s carrying value.  The fair value of the reporting unit in the majority of cases is measured with a full-blown business valuation analysis.

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Topics: accounting, goodwill, Tests for Impairment of Goodwill, goodwill impairment, qualitative, methodology, step zero, FASB

Latest Guidance on Accounting Issues
Posted by Kristen Shepley on Mon, Apr 9, 2012 @ 09:37 AM

Offsetting Assets and Liabilities Tests for Impairment of Intangible Assets and Goodwill Partial Deferral of OCI

CBIZ Tofias is pleased to present the following thought leadership from Mayer Hoffman McCann P.C.:

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Topics: Tests for Impairment of Goodwill, Offsetting Assets and Liabilities, Tests for Impairment of Intangible Assets, Partial Deferral of OCI

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