The Financial Accounting Standards Board has a project to review accounting for goodwill subsequent to its acquisition — again. The issue is whether to continue goodwill impairment testing as required ...

When you feel good about something, you’re usually willing to pay more for it. It’s the same concept when a company considers acquiring another. As a result, acquiring companies are often willing to ...

Post any adjusting entries to the company's goodwill account. Multiply this amount by the percentage owned by the parent to find the amount to report on the consolidated financial statement.

To account for the credit purchase, entries must be made in their respective accounting ledgers. Because the business has accumulated more assets, a debit to the asset account for the cost of the ...

The accounting entries are a debit to the amortization expense account and a credit to the intangible asset account. Two exceptions: Companies do not amortize goodwill nor an intangibles asset ...

The U.S. accounting standard-setter plans to tackle issues around accounting for goodwill and disclosure of expenses in 2021, after a year marked by a leadership transition and the economic havoc ...

The Accounting Historians Journal is here available in digital full-text thanks to the kind permission of the Academy of Accounting Historians. Included are files and bibliographic records for each ...

Hawkins, David F. "Will Proposed UK Goodwill and Intangible Asset Account Rules Favoring UK Acquires Change US GAAP?" Accounting Bulletin, no. 40 (July 1996 ...