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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. Year-end financial checklist: Your guide to reviewing and ...

    www.aol.com/financial-planning-checklist...

    2. Evaluate your investments and take your RMDs. The end of the year is an ideal time to review your investment strategy to make sure your portfolio is still on the right track to meet your goals.

  6. 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 .

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

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

    Raising a child until the age of 18 averages $413,810, according to the Creditnews analysis — but, let’s face it, the cost of raising a child typically doesn’t stop at 18.

  8. 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

  9. Impairment (financial reporting) - Wikipedia

    en.wikipedia.org/wiki/Impairment_(financial...

    The IASB and FASB made joint efforts to devise a common impairment model, but the FASB eventually decided to propose an alternative scheme in January 2011. [5] The IASB issued a new exposure draft in January 2013, [5] which later led to the adoption of IFRS 9 in July 2014, [6] effective for annual periods beginning on or after January 1, 2018. [7]