VRC, Calcbench Webinar to Explore the ‘Now What?’ After FASB Pullback on Goodwill Accounting Project

Join experts on September 26 for insights on goodwill

By: PJ Patel

New York (September 9, 2022) – Valuation Research Corporation (VRC), a leading global provider of independent valuation support and advisory services, and Calcbench, a financial data platform designed for detailed fundamental research, announced a webinar titled “Goodwill: What’s Really Happening & What Comes Next.” The September 26th virtual event comes in the wake of the Financial Accounting Standards Board’s surprise announcement this summer that it was scuttling its project to dramatically revamp how U.S. companies account for the roughly $3.6 billion in goodwill on their balance sheets.

“The FASB surprised just about everyone by pulling back from the main goodwill project,” said VRC Co-CEO PJ Patel. “I look forward to speaking with our panel of experts about other initiatives on their agenda including their research project on internally generated intangibles and more generally the FASB conceptual framework.”

Joining Patel will be Calcbench CEO Pranav Ghai, CFA Institute Head of Financial Reporting Sandy Peters, and Financial Reporting Advisors Managing Director Scott Taub. They will address:

  • The rise of goodwill and other intangibles as a portion of company assets
  • How to examine those assets to better understand a company’s value
  • The risks around impairment, and how sniff out warning signs
  • What’s next on regulators’ wish list for better financial reporting and disclosure

The webinar starts at 1:00 p.m. CDT. More information, including registration, can be found here.

About VRC

Valuation Research Corporation is a full-service, independent, global valuation firm. Since 1975, our network of over 1,400 valuation professionals, which includes VRC’s 250 U.S.-based colleagues, has provided objective, supportable conclusions of value to domestic and international clients. VRC has locations in Atlanta, Boston, Chicago, Cincinnati, Dallas, Milwaukee, New York, Princeton, San Francisco, and Tampa; as well as international member firms operating as VRG in Argentina, Australia, Brazil, Canada, China, Colombia, Germany, India, Israel, Japan, Luxembourg, Mexico, Singapore, Spain, and the United Kingdom.

About Calcbench

Calcbench is a financial data platform designed for outperformance. Founded in 2011, the company uses the latest technology to offer instant and systematic access to all the data (numbers and text) in financial statements, including the details hidden within the footnotes. Developed by former analysts, Calcbench was built for financial analysts looking to go deeper. Visit www.calcbench.com to learn more.