The Financial Accounting Standards Board is trying to sort out how to meet investor needs without breaking preparers’ backs with respect to the reporting of certain intangible assets, especially goodwill.
The regulator has issued an invitation to comment on how to account for certain identifiable intangible assets acquired in a business combination and the subsequent accounting for goodwill. The board is looking for some kind of accounting method that gives investors the information they need without undue cost or burden on the corporate accounting office.
