Goodwill

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This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 350-20 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.

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