Accounting Matters artwork

Accounting for Goodwill: Past, Present, and Future

Accounting Matters

English - September 27, 2021 14:51 - 41 minutes - 47.8 MB - ★★★★★ - 62 ratings
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Previous Episode: Trigger Warning: Non-Financial Asset Impairments
Next Episode: Lessor Accounting Isn't Always Lesser Accounting

What exactly is goodwill? Depends on who you ask. US GAAP certainly has an opinion on goodwill and accounting for its impairment, one that continues to evolve. Given how relevant the topic is these days, we figured it’d be best for our Accounting Matters hosts, Adam Olsen and Sarah Cage Richter, to sit down with one of Embark’s resident gurus, Jason Larkin, to take a closer look at goodwill impairment, hitting on areas like:

What exactly is goodwillPerforming the qualitative or quantitative goodwill testInsights on accounting for goodwill impairmentRecent GAAP changes and where the FASB might be heading next 

For more information on accounting for goodwill impairment:

Goodwill Impairment Testing Guide, Examples, & Accounting TipsASU 2017-04, Intangibles—Goodwill and Other

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