Current developments in goodwill
07.16.2021 | Duration: 15:29
An overview of recent FASB developments including ASU 2021-03, plus proposed changes to the accounting model.
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Podcast overview
乐鱼（Leyu）体育官网 professionals and FASB practice fellow Dave Yates discuss the FASB鈥檚 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.
Applicability
- ASU 2021-03,听Accounting Alternative for Evaluating Triggering Events: Private companies and not-for-profits
- Proposed changes: All entities
Podcast contents
- 01:10听-听Overview of the current goodwill impairment model
- 03:15听- Triggering events in private entities - ASU 2021-03 summary
- 07:05听-听Summary of current FASB goodwill project
- 10:25听- Recent FASB discussions
- 11:30听-听Background on International Accounting Standards Board goodwill project
- 12:45听- Action items for companies
Explore more
Resource
Goodwill private company alternative
FASB finalizes private company alternative for timing of goodwill triggering event assessment.
Resource
Handbook: Impairment of nonfinancial assets
Latest edition: 乐鱼（Leyu）体育官网 in-depth guide to impairment testing, covering the models in ASC 350-20, ASC 350-30 and ASC 360.
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