KPMG professionals and FASB practice fellow Dave Yates discuss the FASB’s relief on the goodwill impairment testing date for private companies and NFPs (ASU 2021-03). Plus, proposed FASB changes, including a shift to a goodwill amortization model for all entities.
Goodwill private company alternative
FASB finalizes private company alternative for timing of goodwill triggering event assessment.
Handbook: Impairment of nonfinancial assets
Latest edition: KPMG in-depth guide to impairment testing, covering the models in ASC 350-20, ASC 350-30 and ASC 360.
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