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 ...

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 ...

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 ...

Early this year, the Financial Accounting Standards Board (FASB) eliminated Step 2 of the goodwill impairment test in an effort to simplify the process for financial reporting units. The change allows ...

“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 ...

Cryptoasset holders — and the CPAs who advise them — have the opportunity to early adopt favorable new accounting rules that officially take effect from December 2024. FASB’s new guidance, which goes ...

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 ...

NEW YORK (Reuters) - The Financial Accounting Standards Board, which sets U.S. accounting rules, on Monday proposed a change it said would bring greater consistency to rules on reporting impairments ...

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 ...