As the IASB prepares to publish its Discussion Paper, Michael Stewart considers what is likely – and unlikely - to change.
Better disclosures
The most significant proposals relate to the disclosures that an entity makes about its business combination. Commentators have long argued that the economics of business combinations are not disclosed until it becomes necessary to impair the related goodwill. The IASB is now proposing to require management to:
With respect to what management expects the acquisition to achieve, the disclosures could include:
Continue reading
This content is not freely available. To access 'Goodwill and impairment' you need to be one of the following:
ACA student
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
Business and Finance Professional
An internationally recognised designation and professional status from the ICAEW.
Corporate Reporting Faculty
Guiding you through the maze of new and emerging reporting requirements, ensuring you are always one step ahead..