Costs of Accounting for Goodwill: Accounting Standards Update 2011 -08

摘要

In August 2011, the Financial Accounting Standards Board voted to issue Accounting Standards Update (ASU) 2011-08, Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment, which contains significant amendments to the accounting guidance on goodwill impairment testing.1 These amendments apply to all entities (public and nonpublic) that report goodwill in their financial statements, and they are effective for goodwill impairment tests performed annually or at interim periods for fiscal years beginning after December 15, 2011.