ARs often need writing off due to client defaults or economic downturns, impacting a firm's financial health. Goodwill impairment occurs when acquired assets fail to deliver expected value, leading to ...

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 ...

In addition to the serious public health threat it poses, the COVID-19 pandemic has affected the current and future financial performance of many entities, with its impact showing on both projections ...

Assessing goodwill for impairment became more challenging during the COVID-19 pandemic because of significant changes in business operations and overall economic uncertainty. Considering goodwill ...

Norwalk, Conn. -- The Governmental Accounting Standards Board has issued an exposure draft of a proposed standard on accounting and reporting for impairment of capital assets. If adopted, the standard ...

“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” Berenberg Capital analysts say. The United ...

NEW YORK, Dec. 8, 2021 /PRNewswire/ -- CFA Institute, the global association of investment professionals, calls for a global approach to goodwill accounting, as diverging accounting standards could ...

Benchmark reiterates Buy on MicroStrategy, highlights significant share price growth since Bitcoin strategy. MicroStrategy faces $2.269 billion in impairment losses under FASB rule, impacting earnings ...

LONDON, Dec 15 (Reuters) - Global accounting rule setters have ended a deadlock over how to force banks to book losses on loans earlier, so that they have time to replenish capital cushions without ...

Tulsa-based Midstates Petroleum Co. showed a $4.9 million adjusted profit for its first quarter, but that number excludes nearly $175 million in accounting impairments on the value of its oil and gas ...