Meet Regulatory Requirements with Expert Precision
At WilliamsMarston, our valuation experts have dealt with some of the largest and most dynamic companies in the world, as well as mid-market non-public companies. We have served hundreds of clients on a wide variety of projects and are experts with the various goodwill impairment testing required by United States GAAP. If your business is looking for expert assistance with purchase price allocation as part of a valuation effort, get in touch with us today.
What Our Goodwill Impairment Testing Services Consider
- Accounting Standards Codification (“ASC”) Topic 350 and 360 and International Accounting Standards (“IAS”) 36 require that the book value of certain tangible and intangible assets, including goodwill, be tested for impairment. These tests are required to be performed annually or upon a triggering event.
- Goodwill represents the excess of the cost of an acquired entity over the net of the amounts assigned to assets and liabilities assumed. Post-business combination, goodwill is allocated to a reporting unit or units. Under ASC Subtopic 350-20-35-1, goodwill and certain intangibles are not amortized; rather, these assets must be periodically tested for impairment.
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