Roadmap
Goodwill (October 2023)
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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.
Also available is On the Radar, a
high-level summary of emerging issues and trends related to
the accounting and financial reporting topics addressed in
the Roadmap.
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.