FASB eliminated Step 2 from the goodwill impairment test in an effort to simplify accounting in a new standard issued Thursday. Under the amendments issued Thursday, an entity should perform its ...

In Accounting Standards Update No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, the Financial Accounting Standards Board eliminated Step 2 of ...

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 ...

Staff members at the SEC are easing up their expectation on preferability letters when companies decide to change the date of their annual goodwill impairment testing. Acknowledging the judgment that ...

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

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 ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) (the “Company” or “Bakkt”) announced that it completed its annual impairment testing of goodwill and other intangible assets as ...

The unknown depth and duration of the coronavirus pandemic has disrupted finance chiefs’ ability to generate sound forecasts, complicating efforts to conduct the required impairment tests for goodwill ...

FASB has eliminated Step 2 from the goodwill impairment test. Under recently issued amendments, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a ...