Goodwill and impairment
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:
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