Global BV News: IASB also eyes reintroduction of goodwill amortization
As the FASB is doing in the U.S., the International Accounting Standards Board is also exploring whether to reintroduce goodwill amortization.
BVWire will attend November 15 FASB roundtable on goodwill amortization vs. impairment
The FASB will conduct a public roundtable discussion on November 15 in Norwalk, Conn., on its Invitation to Comment (ITC) on moving from the current impairment model for goodwill to amortization.
The Fair Commission Model for Valuing Goodwill in Small Service Businesses
Hundreds of thousands of small service businesses are operating in the United States. These include accounting, tax, and bookkeeping practices; barbers and hair stylists; chiropractic, primary care, and dental practices; veterinarians; landscapers, house cleaners, and pool servicers. These businesses are small by virtue of being owned by one or a few owners who, in addition to managing the business, provide personal services directly to their clients, patients, or customers. Specialty brokerage firms often mediate equity ...
BVU News and Trends October 2019
A monthly roundup of key developments of interest to business valuation experts.
Diverse feedback to FASB regarding goodwill amortization vs. impairment
The FASB received almost 100 comment letters on its Invitation to Comment (ITC) on how to account for certain identifiable intangible assets acquired in a business combination.
Perser v. Perser
Court upholds award to nonowner spouse related to value of husband’s medical practice where husband bought practice prior to marriage and was sole owner; court notes there was goodwill attributable to the business and finds other factors indicate business had assets that were marital property.
Factors Other Than Goodwill Support Award to Nonowner Spouse Related to Owner’s Medical Practice
Court upholds award to nonowner spouse related to value of husband’s medical practice where husband bought practice prior to marriage and was sole owner; court notes there was goodwill attributable to the business and finds other factors indicate business had assets that were marital property.
Top speakers at forensic and valuation conference in Tennessee October 21-23
BVR is pleased to sponsor the Tennessee Society of CPAs Forensic and Valuation Services Conference October 21-23 in Brentwood (just south of Nashville).
Deadline looms to share your views on goodwill amortization vs. impairment
Comments are due soon—October 7—on the FASB’s Invitation to Comment (ITC) on how to account for certain identifiable intangible assets acquired in a business combination.
Goodwill should not be a ‘wasting asset’
Goodwill has resurfaced as a valuation topic globally this year, so much so that the IVSC’s first article on the subject, ‘Is Goodwill a Wasting Asset?’ has been downloaded thousands of times already.
Possible Change to Goodwill Model Generates Buzz at ASA Fair Value Conference
Unless there’s strong opposition, it appears likely that the FASB will ease the rules that currently require public companies to test annually for goodwill impairment, a process that has become so complex that the costs may be outweighing the benefits.
Global BV News: IVSC examines goodwill impairment vs. amortization
What are the potential consequences of a change from the current impairment model to goodwill amortization?
Goodwill: A Discussion and a Debate
Two of the most knowledgeable experts in the area of goodwill and personal goodwill, Alan Zipp and Jim Alerding, will cover the key issues and controversies that you want to know about. They will discuss and debate frequently asked questions on the topic, and while sometimes they will agree and sometimes they will disagree, in all cases they will attempt to inform and educate the attendees on the topic.
BV and litigation seminar in New Haven, Conn., September 26
There’s a unique opportunity to hear from a veteran valuation expert with many years of experience in court, and BVWire will be there! Appraiser Jim Alerding (Alerding Consulting LLC), who has testified in over 400 cases, will present a full-day seminar, Business Valuation and Litigation.
Business Valuation Terms Need Restructuring Based on Value Drivers
The business valuation profession suffers from a muddling of concepts and terms. It is time to think about a recalibration of valuation terms that grows out of the foundation that has been laid by our original business valuation pioneers.
PwC explains FASB proposal to upend goodwill model
Should annual goodwill impairment tests be done away with for public companies?
BVU News and Trends September 2019
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends July 2019
A monthly roundup of key developments of interest to business valuation experts.
In Florida divorce, expert’s ‘with-and-without’ valuation withstands appeal
In a nasty Florida divorce case, an appellate court recently upheld the trial court’s valuation findings concerning the husband’s 50% interest in a successful company that operates in the waste disposal industry.
FASB revisits goodwill impairment testing
The issue of annual impairment testing versus amortization of goodwill is being revisited with the Financial Accounting Standards Board (FASB) issuance of an Invitation to Comment (ITC) on how to account for certain identifiable intangible assets acquired in a business combination.
Global BVU News and Trends June 2019
Business valuation news from a global perspective.
In Allocation Dispute Related to § 363 Sale, Bankruptcy Court Bridges Experts’ Value Gaps
Bankruptcy court performs allocation analysis to divide proceeds from section 363 asset sale between two competing lenders, finding debtor’s intellectual property is most valuable asset; court notes that, at time of sale, debtor was neither healthy going concern nor subject of forced liquidation.
Latest SEC comment letter trends in PwC analysis
When the SEC reviews financial statements and disclosures of public firms, it may send a comment letter to the company if it has questions or sees problems.
Important Utah goodwill ruling concerning one-person business
The Utah Court of Appeals recently examined the nature of goodwill in a one-person business and, in so doing, expanded on the state’s goodwill jurisprudence.
BVU News and Trends April 2019
A monthly roundup of key developments of interest to business valuation experts.