Accounting for goodwill is also important in this week's readings. Consider the significance of the increase in goodwill write-downs in recent years on the amount and timing of expense recognition and financial statement impact generally. Further, consider the currently conflicting stances of the FASB and IASB regarding the amortization of goodwill (one of this week's interesting articles). There is a high likelihood that goodwill amortization will be reintroduced under U.S. GAAP in the near future. How does this relate to the current accounting treatment? What information quality challenges exist with respect to accounting for goodwill?

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S Deciding how to represent the altruism found in business mixes has been a fervently discussed subject for quite a long time Principles setters have declared various methodologies over the long run a... View the full answer