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Goodwill and Impairment – International Accounting Standards Board

Date recorded:

At its meeting on June 19, 2019, the Board met to decide its preliminary views of what to include in the project’s forthcoming discussion paper. The following topics were covered: (i) better disclosures for business combinations; (ii) reintroduction of amortization of goodwill; (iii) presentation of total equity before goodwill subtotal; (iv) relief from mandatory annual impairment test; (v) value in use—cash flows from a future restructuring or a future enhancement; (vi) value in use—use of post-tax inputs; (vii) summary of preliminary views. The Board will decide in its July 2019 meeting whether to begin the balloting process for the discussion paper which it plans to publish around the end of 2019.

Review the IASB Update and podcast on the Board's Web site.

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