Tentative Board Decisions
Tentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are tentative and may be changed at future Board meetings.Wednesday, June 23, 2021 FASB Board Meeting
Identifiable intangible assets and subsequent accounting for goodwill. The Board discussed the staff’s research and analysis on potential changes to the existing goodwill impairment model. Specifically, the discussion involved the unit of account at which goodwill is tested for impairment, the frequency of goodwill impairment testing, and the timing of goodwill impairment assessment. The Board discussed the changes in the context of its tentative decision to amortize goodwill. The Board made no decisions during the meeting.