Where is the FASB going to land on the issues around accounting for goodwill?
As an expert faculty member, Patel will provide practical approaches to new and complex accounting and disclosure requirements.
Effect of virus to show in risk factors, revenue, goodwill impairments, other financial reporting areas.
Patel: In today’s environment where companies are more intangible asset-based rather than tangible asset-based, there’s probably an evolution that needs to happen in terms of how you value inventory.
Hamilton and Woodward explore the strengths and weaknesses of customer relationship valuation methodologies and how the distributor method can assist in decreasing subjectivity in this process.
Patel: We’ve seen constant change around goodwill in the past few years.
New guidance from FASB continues to grow in complexity, and in 2019 that translated to noticeable bandwidth effects on financial reporting professionals.
Just released! Read VRC’s latest Industry Update on Fire Prevention for relevant market data, trends in EBITDA multiples, notable deals and more.
VRC conducted a survey of financial statement preparers and users on the topic of goodwill accounting and impairments; Patel plans to convey key issues and concerns they raised to the standard-setting body.
To better understand the needs and views of “users” of financial statements, VRC surveyed financial analysts, a group mainly comprised of CFA charterholders, who conduct fundamental analysis on public companies.