Many have started to question the goodwill impairment model under FASB ASC 350-20 and whether it paints the most accurate financial picture in light of the COVID-19 pandemic. In September, the Private ...

The total amount of goodwill impairment recorded by U.S. public companies climbed 23 percent last year, reaching $35.1 billion in 2017, according to a new study, while the average goodwill impairment ...

VANCOUVER, BC, Jan. 8, 2026 /CNW/ – West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX and NYSE: WFG) announced today that it will record an impairment of its Lumber segment goodwill ...

Jeff Bartel, Chairman & Managing Director of Hamptons Group, LLC, an alternative investment & strategic advisory firm headquartered in Miami. To continue ...

Goodwill impairment testing would be simplified under a proposal FASB issued Thursday. FASB proposed removing Step 2 from the current goodwill impairment test. Under current GAAP, Step 2 includes ...

FASB eliminated Step 2 from the goodwill impairment test in an effort to simplify accounting in a new standard issued Thursday. Under the amendments issued Thursday, an entity should perform its ...

Darden Restaurants Inc. set itself apart in late 2008 by not doing something many of its competitors were forced to do—namely, taking goodwill impairment charges. The casual-dining company, based in ...

How does an impairment affect a company's earnings? Here's a case in how a $6.2 billion goodwill impairment ended Microsoft's 26-year streak of quarterly profitability. Accounting impairments are very ...