Podcast: The Ongoing Evolution of Goodwill Accounting

Patel: We’ve seen constant change around goodwill in the past few years.

2019’s Notable Accounting Standard Impacts

New guidance from FASB continues to grow in complexity, and in 2019 that translated to noticeable bandwidth effects on financial reporting professionals.

VRC Co-CEO PJ Patel Invited to FASB Roundtable on Goodwill Accounting

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.

Goodwill Impairment: User Survey Summary

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.

Goodwill Impairment: Preparer Survey Summary

We polled our clients for their thoughts on the current accounting for goodwill and intangible assets and have summarized our findings.

VRC Provides Constructive Input to the FASB on Goodwill Impairment

Response to the FASB suggests a number of ways current impairment testing could be improved and streamlined.

Industry Update: IT Government Contracting

Take a look at VRC’s latest Industry Update on IT Government Contracting for relevant market data, trends in EBITDA multiples, notable deals and more.

The Current State of Goodwill & Impairments

A video discussion about corporate goodwill, goodwill impairment, and financial analysis techniques that aid in determining if a business combination is living up to performance expectations.

First, Do No Harm

Opinion: The FASB is soliciting feedback on whether and how to further simplify the accounting for goodwill and intangible assets for public companies. This may be setting off down a harmful course of accounting treatment.

Valuation Issues in the U.S.

Valuations in the U.S. are generally required around a transaction and can be grouped by needs for financial reporting, tax, or legal purposes, as well as for compliance or recurring regulatory purposes outside of a transaction.