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 ...

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 ...

The recently released standard - known as Accounting Standards Update No. 2011-08, Intangibles-Goodwill and Other (Topic 350): Testing Goodwill for Impairment - includes amendments intended to address ...

In the Step 2 test, an entity performs a hypothetical purchase price allocation to determine the amount of an impairment. With the elimination of Step 2, entities will now record impairment based ...

Teqnion has completed a review of the goodwill reported on the group's balance sheet. The assessment has resulted in a total goodwill impairment charge of 73 MSEK, which will impact the financial ...