Goodwill impairment is an accounting term used to describe a reduction in the value of goodwill on a company’s balance sheet. Goodwill itself represents the excess amount a company has paid over the ...

When a company purchases another, it often pays more than the net fair value of the target's assets and liabilities. This excess is recorded as goodwill, an intangible asset reflecting brand strength, ...

The market forces that have impacted the worldwide economy during the first quarter of 2020 will qualify as a triggering event for both goodwill and/or long-lived asset impairment testing for some ...

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