Two advisories from FASB will help entities implement new
rules. One defines the “reporting unit” of an enterprise as a key
element in testing for goodwill impairment resulting from an
acquisition. A second release clarifies certain provisions for making
the transition to two new standards—FASB Statement nos. 141,
Business Combinations, and 142, Goodwill and Other
Intangible Assets. ( www.fasb.org/eitf/eitfmain.html
)
Financial Reporting
