Deloitte
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Preface

Preface

Preface

We are pleased to present the inaugural edition of Goodwill. This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 350-201 on the subsequent accounting for goodwill after its initial recognition. This publication reflects guidance issued through October 31, 2023, and it is assumed that an entity has adopted ASU 2017-04, which simplifies the accounting for goodwill impairments by eliminating the requirement for entities to calculate the implied fair value of goodwill whenever the carrying amount of a reporting unit exceeds its fair value (i.e., step 2). Since the amendments made by ASU 2017-04 are now effective for all entities, this publication does not address the application of step 2.

Footnotes

1
For the full titles of standards, topics, regulations, and abbreviations used in this publication, see Appendixes B and C.