The continuing saga of goodwill accounting

The move to the current impairment-only model for goodwill accounting was based mostly on academic research findings that it provided better information than the previous amortization model. But actual users do not seem to agree that impairment-based accounting yields valuable information. Recent do...

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Bibliographic Details
Published inManagement accounting quarterly Vol. 17; no. 1; p. 1
Main Authors Boyle, Douglas M, Carpenter, Brian W, Mahoney, Daniel P
Format Journal Article
LanguageEnglish
Published Montvale Institute of Management Accountants 22.09.2015
Subjects
Accounting
Accounting firms
Business combinations
Capital expenditures
Costs
Financial accounting standards
Financial reporting
Financial statements
Goodwill
Intangible assets
International finance
Officials and employees
Poolings of interest
Stock options
Switzerland
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Summary:The move to the current impairment-only model for goodwill accounting was based mostly on academic research findings that it provided better information than the previous amortization model. But actual users do not seem to agree that impairment-based accounting yields valuable information. Recent domestic and international moves toward the return to an amortization model make it seem unlikely that the FASB or the IASB will retain the impairment-only model.
ISSN:1528-5359
2577-8811