Overview and Implications of a Qualitative Assessment for Goodwill Impairment

Business Valuation UpdateVol. 17 No. 12
December 2011
Brad Pursel, CPA/ABV, CFA, ASA


On Sept. 15, the Financial Accounting Standards Board (FASB) published the Accounting Standards Update (ASU) No. 2011-08 related to Topic 350, Intangibles-Goodwill and Other. Traditionally, a two-step test for goodwill impairment has been performed, inclu ...