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 ...

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 ...

Rudimentary analysis of Sun's SEC filings suggests that MySQL is not to blame, but investors won't know for sure unless Sun provides more information Sun preannounced preliminary results of its first ...

Goodwill in business is an intangible asset that's recorded when one company is purchased by another. It's the portion of the purchase price that's higher than the sum of the net fair value of all of ...