ASC 350-20
FEATURED ARTICLES
All articles in this category pertain to ASC 350-20. According to FASB, the statement ASC 350-20 addresses financial reporting for goodwill following its addition and for the cost of internally developing goodwill. An entity is required to evaluate events that trigger goodwill impairment during the reporting period.
Learn more about ASC 350-20 below.
Recent articles
FASB Proposes Accounting Alternative for Goodwill Impairment Triggering Events
How private companies evaluate goodwill impairment triggering events.
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.
The Tangle of Intangible Assets and Business Combinations
Read about concerns related to intangible assets and business combinations.