Goodwill impairment testing would be simplified under a proposal FASB issued Thursday. FASB proposed removing Step 2 from the current goodwill impairment test. Under current GAAP, Step 2 includes ...

Accounting Standards Codification (ASC 360), Property, Plant and Equipment (“PP&E”) provides guidance with respect to impairment testing for a company’s long-lived assets such as property, plant, ...

Goodwill impairment testing has been a challenging area for many financial statement preparers since the issuance in 2001 of FASB Accounting Standards Codification (ASC) Subtopic 350-20 (formerly FASB ...

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 ...

IMGCAP(1)]Because of challenging economic times and confusion in the audit review process, impairment testing has become a hot topic. According to the Financial Accounting Standard Board’s ASC 350 ...

As energy market capitalizations decline, addressing year-end goodwill and long-lived asset impairment testing will be paramount in 2021. Market equity prices and indices continued to decrease for ...

Predictmedix Inc. may have the answer to squash concerns about stoned driving. The lack of a validated mechanism to test someone’s level of impairment from cannabis use on the spot has complicated the ...