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  2. Goodwill (accounting) - Wikipedia

    en.wikipedia.org/wiki/Goodwill_(accounting)

    Goodwill is no longer amortized under U.S. GAAP (FAS 142). [8] FAS 142 was issued in June 2001. Companies objected to the removal of the option to use pooling-of-interests, so amortization was removed by Financial Accounting Standards Board as a concession. As of 2005-01-01, it is also forbidden under International Financial Reporting Standards ...

  3. Purchase price allocation - Wikipedia

    en.wikipedia.org/wiki/Purchase_price_allocation

    In the United States, the process of conducting a PPA is typically conducted in accordance with the Financial Accounting Standards Board's ("FASB") Statement of Financial Accounting Standards No. 141 (revised 2007) “Business Combinations” (“SFAS 141r”) [1] and SFAS 142Goodwill and Other Intangible Assets” (“SFAS 142”). [2]

  4. Amortization (accounting) - Wikipedia

    en.wikipedia.org/wiki/Amortization_(accounting)

    Amortization is recorded in the financial statements of an entity as a reduction in the carrying value of the intangible asset in the balance sheet and as an expense in the income statement. Under International Financial Reporting Standards , guidance on accounting for the amortization of intangible assets is contained in IAS 38. [ 1 ]

  5. Impaired asset - Wikipedia

    en.wikipedia.org/wiki/Impaired_asset

    In accounting, an impaired asset is an asset which has a market value less than the value listed on its owner's balance sheet. According to U.S. accounting rules (known as US GAAP ), the value of an asset is impaired when the sum of estimated future cash flows from that asset is less than its book value .

  6. Intangible asset - Wikipedia

    en.wikipedia.org/wiki/Intangible_asset

    An impairment loss is determined by subtracting the asset's fair value from the asset's book/carrying value. Trademarks and goodwill are examples of intangible assets with indefinite useful lives. Goodwill has to be tested for impairment rather than amortized. If impaired, goodwill is reduced and loss is recognized in the Income statement.

  7. LeBron's age is showing & why the Celtics are unstoppable ...

    www.aol.com/sports/lebrons-age-showing-why...

    On today's episode of Good Word with Goodwill, Vincent Goodwill is joined by former NBA video coordinator, turned contributor for The Athletic and Bleacher Report Mo Dakhil.

  8. Boomers are sad they may never be grandparents as fewer ... - AOL

    www.aol.com/finance/boomers-sad-may-never...

    The average (mean) annual cost of raising a child across America’s 100 most populous metros is $22,989, according to an analysis by Creditnews Research of Department of Labor data. These costs ...

  9. List of FASB pronouncements - Wikipedia

    en.wikipedia.org/wiki/List_of_FASB_pronouncements

    142: Goodwill and Other Intangible Assets: June 2001: 143: Accounting for Asset Retirement Obligations: June 2001: 144: Accounting for the Impairment or Disposal of Long-Lived Assets: August 2001: 145: Rescission of FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections: April 2002: 146