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
)
SPONSORED WHITE PAPER
Preparing the statement of cash flowsThis instructive white paper outlines common pitfalls in the preparation of the statement of cash flows, resources to minimize these risks, and four critical skills your staff will need as you approach necessary changes to the process.
RESOURCES
Keeping you informed and prepared amid the COVID-19 crisisWe’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.