Accounting for Goodwill: Past, Present, and Future

A roundtable on accounting for goodwill impairment, along with insights from Embark’s team of experts on both recent and future US GAAP changes.

Show Notes

What exactly is goodwill? Depends on who you ask. US GAAP certainly has an opinion on goodwill and accounting for its impairment, one that continues to evolve. Given how relevant the topic is these days, we figured it’d be best for our Accounting Matters hosts, Adam Olsen and Sarah Cage Richter, to sit down with one of Embark’s resident gurus, Jason Larkin, to take a closer look at goodwill impairment, hitting on areas like:

• What exactly is goodwill
• Performing the qualitative or quantitative goodwill test
• Insights on accounting for goodwill impairment
• Recent GAAP changes and where the FASB might be heading next 

For more information on accounting for goodwill impairment:

• Goodwill Impairment Testing Guide, Examples, & Accounting Tips
• ASU 2017-04, Intangibles—Goodwill and Other

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What is Accounting Matters?

Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark.

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