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Goodwill and Intangible Assets

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Roadmap
Goodwill and Intangible Assets (September 2025)

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This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 350-20 and ASC 350-30 on the subsequent accounting for goodwill and intangible assets.
Under ASC 350-20, an entity recognizes a goodwill impairment loss when the carrying amount of a reporting unit that includes goodwill exceeds its fair value; the loss is limited to the amount of goodwill allocated to the reporting unit. While entities have been required to test goodwill for impairment for many years, the current goodwill accounting model has evolved significantly from the model that the FASB originally introduced in 2001. The FASB has issued numerous ASUs on this topic, which were generally intended to simplify or reduce the cost and complexity of performing goodwill impairment testing. However, despite the FASB’s simplification efforts, entities continue to need to use significant judgment in accounting for goodwill.
Also available is Deloitte’s On the Radar: Goodwill and Intangible Assets, which provides a high-level summary of the guidance in ASC 350-20 and ASC 350-30 on the subsequent accounting for goodwill and intangible assets.
Be sure to check out other titles in Deloitte’s Roadmap series, our comprehensive, easy-to-understand collection of accounting guides on selected topics of broad interest to the financial reporting community.