Feature: Better information about business combinations—Goodwill and Impairment

When: 10 September 2019

The International Accounting Standards Board (Board) is carrying out a research project on goodwill and impairment following its Post-implementation Review of IFRS 3 Business Combinations.

The Board is investigating how companies can provide users of financial statements with better information about mergers and acquisitions (business combinations) at a reasonable cost. This investigation includes the challenging question of how companies should account for goodwill after the business combination.

In this article, Tom Scott, a member of the Board, discusses the Board’s preliminary views and how stakeholders can help the Board by commenting on its forthcoming discussion paper.