Tentative Board Decisions
Tentative Board decisions are provided for those interested in following
the Board’s deliberations. All of the reported decisions are tentative and may
be changed at future Board meetings.
Wednesday, June 23, 2021
FASB Board Meeting
Identifiable
intangible assets and subsequent accounting for goodwill. The Board
discussed the staff’s research and analysis on potential changes to the existing
goodwill impairment model. Specifically, the discussion involved the unit of
account at which goodwill is tested for impairment, the frequency of goodwill
impairment testing, and the timing of goodwill impairment assessment. The Board
discussed the changes in the context of its tentative decision to amortize
goodwill. The Board made no decisions during the meeting.