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Migration to simpler goodwill test will be slow, data says

Tammy Whitehouse | November 20, 2017

Despite a new allowance in accounting rules for companies to shed the most oppressive part of goodwill impairment testing, not all public companies are rushing to avail themselves of the simplification.

The latest annual Duff & Phelps study of goodwill impairments suggests only one-third of public companies plan to take advantage of the early adoption provision in Accounting Standards Update No. 2017-04, which allows companies to rely on their high-level assessment of goodwill as the basis for any markdown they would take in financial statements. Another one-third said they will not adopt the new...

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