At least one of the Financial Accounting Standards Board’s simplification initiatives is proving to be so popular that some companies want to adopt it as of yesterday. Processing Content It involves ...

The FASB argued that goodwill is a "wasting asset" that unavoidably loses value. Critics countered that in some cases goodwill can be shown to have maintained value over time. In a compromise, the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Ryan Eichler holds a B.S.B.A with a ...

There is a lot of discussion these days about accounting for goodwill, especially with respect to accounting issues subsequent to its acquisition. This debate is driven by managerial criticisms of ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing ...

The Financial Accounting Standards Board is proposing new updates to the Accounting Standards Codification around goodwill write-downs, business combinations, and revenue recognition for healthcare ...

FASB is proposing some clarifications to how a business is defined, to help companies following accounting rules related to acquisitions, disposals, goodwill, and consolidation. The board says ...

NEW YORK--(BUSINESS WIRE)--Total goodwill impairment (GWI) recorded by U.S. public companies reached $78.9 billion in 2018, climbing a staggering 125% from the previous year, according to the 2019 U.S ...

The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU 2017-1) that clarifies the definition of a business under Accounting Standards Codification Topic 805, ...