ASC 350
FEATURED ARTICLES
All articles in this category pertain to ASC 350. The FASB standard focuses on goodwill and other intangible assets. The current guidance is encompassed by five subtopics, the most critical being ASC 350-20 and ASC 350-40.
ASC 350-20 addresses accounting and financial reporting for goodwill. ASC 350-40 addresses accounting and financial reporting for internal use software.
Learn more about ASC 350 below.
Recent articles
ASC 350-40: Internal-Use Software Accounting & Capitalization
Learn about cloud computing arrangements under ASC 350-40.
When to Test Goodwill and Indefinite-Lived Intangible Assets for Impairment
See how operations negatively affected by COVID-19 can test their assets for impairment.
Key Facts to Know About Financial Reporting and COVID-19
Millions of businesses have been closed, hoping and praying that the economic crisis is temporary. All levels of supply chain and distribution have been disrupted, creating havoc with inventories, equipment, and works in process. With few exceptions (grocery stores,...
The Tangle of Intangible Assets and Business Combinations
Read about concerns related to intangible assets and business combinations.