Jeff Bartel, Chairman & Managing Director of Hamptons Group, LLC, an alternative investment & strategic advisory firm headquartered in Miami. To continue ...

Many have started to question the goodwill impairment model under FASB ASC 350-20 and whether it paints the most accurate financial picture in light of the COVID-19 pandemic. In September, the Private ...

Learn about asset impairment, its impact on financial statements, and how it's recognized. Understand how impairment differs from depreciation in accounting.

In the Step 2 test, an entity performs a hypothetical purchase price allocation to determine the amount of an impairment. With the elimination of Step 2, entities will now record impairment based ...

Assessing goodwill for impairment became more challenging during the COVID-19 pandemic because of significant changes in business operations and overall economic uncertainty. Considering goodwill ...

As energy market capitalizations decline, addressing year-end goodwill and long-lived asset impairment testing will be paramount in 2021. Market equity prices and indices continued to decrease for ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) (the “Company” or “Bakkt”) announced that it completed its annual impairment testing of goodwill and other intangible assets as ...

Companies now have some new, simpler guidance to follow to determine whether they need to perform a full-blown test of the goodwill balance in their financial statements, but that doesn’t necessarily ...

In January 2017, the Financial Accounting Standards Board (FASB) issued amendments to its Accounting Standards Codification Topic 350, Intangibles: Goodwill and Other (ASC 350). ASC 350 describes the ...

On Friday, the Financial Accounting Standards Board issued a proposed update to its requirements for testing goodwill for impairment. The proposal is a response to concerns expressed by non-public ...