Global Standards for the world economy

Friday 28 April 2017

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Goodwill and Impairment


 Goodwill and Impairment

Project objective

The objective of this research project is to consider how to address the following three areas of focus identified in the Post-implementation Review (‘the PIR’) of IFRS 3 Business Combinations:

  • whether changes should be made to the existing impairment test for goodwill and other non-current, non-financial assets;
  • subsequent accounting for goodwill (including the relative merits of an impairment-only approach and an amortisation and impairment approach); and
  • the extent to which other intangible assets should be separated from goodwill.