FASB OKs goodwill alternative for private cos., nonprofits

The Financial Accounting Standards Board approved a tweak to the goodwill rules for private businesses and not-for-profits, giving them more flexibility on when to do impairment assessments of triggering events.

Original Article Posted at : https://www.accountingtoday.com/news/fasb-oks-goodwill-alternative-for-private-cos-nonprofits