United States

FASB Proposes to Simplify Goodwill Impairment Accounting

May 12, 2016
From the Financial Reporting View

This edition of Defining Issues reports that the FASB is proposing to simplify the subsequent measurement of goodwill by removing Step 2 of the goodwill impairment test. Comments on the proposed Accounting Standards Update are due by July 11, 2016.

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