Financial Accounting Standards Board Provides Alternative to Goodwill Triggering Event Assessment for Certain Private Companies and Organizations
March 30, 2021
March 30, 2021
NORWALK, Connecticut, March 30 (TNSOps) -- The Financial Accounting Standards Board issued the following news release:
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that provides an accounting alternative expected to reduce the complexity for private companies and not-for-profit organizations when performing the goodwill triggering event evaluation.
Under current GAAP, goodwill must be tested for impairment when a trig . . .
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that provides an accounting alternative expected to reduce the complexity for private companies and not-for-profit organizations when performing the goodwill triggering event evaluation.
Under current GAAP, goodwill must be tested for impairment when a trig . . .