ACCT 540 Week 3 Discussion Board Q&A (Spring 2016)
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Perform an Internet search on any tax, law,accounting or auditing topic in which you are interested. Summarize and provide a general explanation of what the topic covers. Please attach the article to your post. The topic I research on is the impairment test for goodwill. Weak economy times may cause these companies performance to decline as a result in the impairment of goodwill. Before the FASB standard update, it doesnt require a transitional goodwill impairment test upon its adoption. However, the amended requirements of Statement would be included any recognized impairment charge. Statement addresses how intangible assets that that are acquired individually or with a group of other assets should be accounted for in financial statements upon their acquisition. It also...