Tag Archive | intangible assets
Six Things to Consider When Using Qualitative Assessments for Indefinite-Lived Intangibles
Thanks to changes introduced in FASB Accounting Standards Update No. 2012-02, your company now has more flexibility in testing for impairment of certain intangible assets. This applies to intangible assets that are not amortized because they’re determined to have indefinite useful lives — such as certain trademarks, licenses, and distribution rights. You may now use […]
New Videos Posted to MHM Biz Tips Channel
We’ve posted several new videos on the MHM Biz Tips channel. Check them out for the latest thought leadership on current issues in accounting. Topics include: IFRS update on convergence – Keith Peterka Impairment of intangible assets – James Comito Goodwill impairment – Keith Peterka Auditor independence update – James Comito Valuation of interest rate […]
Tests for Impairment of Intangible Assets
Companies may soon have more flexibility in testing for impairment of indefinite-lived intangible assets, if changes exposed for comment by the FASB in January 2012 are adopted as proposed. This new proposal follows closely on the heels of guidance recently released for impairment tests of goodwill, and there are similarities in both the objectives and […]
