FASB Discusses Intangible Assets and Goodwill

At its March 2, 2022, meeting, the FASB discussed its project on identifiable intangible assets and the subsequent accounting for goodwill. No tentative decisions were made, but the Board provided its thoughts on (1) “accounting for identifiable intangible assets in a business combination” and (2) “goodwill balances that should be included in the scope of the subsequent accounting guidance for goodwill.”