Goodwill Impairment Entry: Gaap & Acquisition Accounting
When a reporting unit‘s fair value declines below its carrying amount, particularly affecting acquisition accounting, a goodwill impairment journal entry becomes necessary in accordance with both GAAP and financial regulations. Understanding Goodwill: It’s Not Just Being Nice! Ever wondered what happens when a company buys another? It’s not always just about the buildings, equipment, and … Read more