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Accounting and Valuation Guide

Author : AICPA

Publisher : John Wiley & Sons

Page : 176 pages

File Size : 39,15 MB

Release : 2016-11-07

Category : Business & Economics

ISBN : 1937352803

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Book Description

This new guide provides accounting and valuation guidance for impairment testing of goodwill. Specifically, it focuses on practice issues related to the qualitative assessment and the first step of the two-step test. This resource is a valuable tool for auditors, accountants and valuation specialists seeking an advanced understanding of the accounting, valuation, and disclosures related to goodwill impairment testing (including the qualitative assessment). It is also a vital resource for preparers of financial statements of public and private companies that follow FASB guidance on goodwill.





Valuation for Financial Reporting

Author : Michael J. Mard

Publisher : John Wiley & Sons

Page : 237 pages

File Size : 11,89 MB

Release : 2007-10-19

Category : Business & Economics

ISBN : 0470173998

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Book Description

Essential procedures for the measurement and reporting of fair value in Financial statements Trusted specialists Michael Mard, James Hitchner, and Steven Hyden present reliable and thorough guidelines, case studies, implementation aids, and sample reports for managers, auditors, and valuators who must comply with the Financial Accounting Standards Board Statement of Financial Accounting Standards Nos. 141, Business Combinations; 142, Goodwill and Other Intangible Assets; 144, Accounting for the Impairment or Disposal of Long-Lived Assets; and the new 157, Fair Value Measurements. This important guide: * Explains the new valuation aspects now required by SFAS No. 157 * Presents the new definition of fair value and certain empirical research * Distinguishes fair value from fair market value * Provides a case study that measures the fair values of intangible assets and goodwill under SFAS Nos. 141 and 157 * Includes a detailed case study that tests the impairment of goodwill and long-lived assets and measures the financial impact of such impairment under SFAS Nos. 142 and 144 * Cross-references and reconciles the valuation industry's reporting standards among all of the valuation organizations * Includes two sample valuation reports, one of which is a new USPAP- compliant PowerPoint? presentation format * Includes implementation aids for controlling the gathering of data necessary for analyses and for guiding the valuation work program



Accounting for Goodwill and Other Intangible Assets

Author : Ervin L. Black

Publisher : John Wiley & Sons

Page : 290 pages

File Size : 40,69 MB

Release : 2018-10-09

Category : Business & Economics

ISBN : 1119157153

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Book Description

Concepts, methods, and issues in calculating the fair value of intangibles Accounting for Goodwill and Other Intangible Assets is a guide to one of the most challenging aspects of business valuation. Not only must executives and valuation professionals understand the complicated set of rules and practices that pertain to intangibles, they must also be able to recognize when to apply them. Inside, readers will find these many complexities clarified. Additionally, this book assists professionals in overcoming the difficulties of intangible asset accounting, such as the lack of market quotes and the conflicts among various valuation methodologies. Even the rarest and most problematic situations are treated in detail in Accounting for Goodwill and Other Intangible Assets. For example, the authors analyze principles for identifying finite intangible assets and appropriately accounting for amortization expenses or impairment losses. Using the information in this book, the results of these calculations can also be reported with precision on financial statements. These topics are especially important for ensuring the success of any asset acquisition or business combination. In these special cases, the utmost accuracy is essential. This book provides: Rules for identifying and recognizing intangible assets in business combinations and asset acquisitions Guidance on the accurate valuation and carrying amount calculation of acquired and self-created intangibles Tips for overcoming the challenges unique to intangible assets, including impairment testing Clear instructions for disclosing intangible assets, goodwill, and amortization expenses Accounting for Goodwill and Other Intangible Assets is an indispensable reference for valuation students and specialists. Ervin L. Black and Mark L. Zyla provide thorough instructions for understanding, accounting for, and reporting this challenging asset class.



Valuation for Financial Reporting

Author : Michael J. Mard

Publisher : John Wiley & Sons

Page : 194 pages

File Size : 41,77 MB

Release : 2002-11-22

Category : Business & Economics

ISBN : 0471444316

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Book Description

Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis provides guidance and insight in the identification and measurement of intangible assets and goodwill pursuant to the Financial Accounting Standards Board Statements of Financial Accounting Standards (SFAS) No. 141, Business Combinations and (SFAS) No. 142 Goodwill and Other Intangible Assets. The new rules are sweeping and complex. Valuation for Financial Reporting will bring clarity to CFOs, auditors, valuation professionals, and CPAs by explaining the valuation aspects of the new financial reporting requirements, including how to identify the characteristics of goodwill and intangible assets, determine if impairment has occurred, and employ specific methods to assess the financial impact of such impairment. While numerous articles and commentaries on the subject have appeared dating back to the time the FASB began considering the issue, Valuation for Financial Reporting is the first to provide "real world" examples of the valuation techniques and methodologies required to perform a purchase price allocation under SFAS No. 141 and an impairment study under SFAS No. 142. Valuation for Financial Reporting will help lift the veil of mystery surrounding these two important pronouncements and provide a practical guide for their implementation. This book: * Shows the CPA and client how to apply the new SFAS 141 rules that pertain to all companies involved in an acquisition (buyer or seller) by analyzing and valuing the tangible and intangible assets acquired. * Teaches the CPA and client how to apply the new SFAS 142 rules that pertain to all companies that recognize and measure intangible assets and goodwill which may now be impaired * Presents detailed case studies and examples on how to apply and implement SFAS 141 and SFAS 142 * Provides a "How To" on the identification and measurement of intangible assets. * Includes a checklist for controlling the gathering of data necessary for the analyses and another checklist guiding the work program for methodologies * Offers guidance and examples for financial reporting purposes.



Goodwill Impairment

Author : Andreas Simon

Publisher :

Page : pages

File Size : 39,72 MB

Release : 2018

Category : Corporations, Japanese

ISBN : 9781526444585

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Book Description

Toshiba Corp., the 140-year-old electronics conglomerate that has its hand in everything from installing power lines to supplying iPhone parts, has been embroiled in an accounting scandal since May 2015. The company's chief executive officer (CEO) announced his resignation in July 2015, and two previous CEOs who retained company posts are also resigning. You work as an analyst for an investment firm that owns a position in Toshiba Corp. stock. You have been given the task to better understand the appropriateness of Toshiba's accounting treatments surrounding the scandal and make a recommendation whether your firm should continue to hold Toshiba Corp. stock. At this point public knowledge is that Toshiba has made several large acquisitions over the last few years. Some of these acquisitions, however, have been challenged and may not have the desired potential for Toshiba. You wonder if Toshiba could be facing impairments on some of their acquisitions and what impact these impairments would have on Toshiba's financial results. In your analysis you will have to research United States-Generally Accepted Accounting Principles accounting standards on goodwill impairment, calculate potential future goodwill write-downs, and give a stock investment recommendation.



Financial Steering

Author : Martin Schwarzbichler

Publisher : Springer

Page : 496 pages

File Size : 47,57 MB

Release : 2018-06-09

Category : Business & Economics

ISBN : 3319757628

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Book Description

This book is a guide to how financial steering is designed, measured and implemented with a special focus on the energy industry. The authors offer an overview of and practical insights into the links between financial steering and accounting, and the temporary cycles of investment, divestment, return and loss, market highs and lows that form the framework of the entire energy industry across all value chain stages. The faster and the larger the cash cycles of investments and their returns, the greater not only the value created, but also the potential loss if the financial steering is not properly designed and managed. Value and value generation require an understanding of how value is both defined and measured in both and how the business/project economics model of a company works – financial steering provides this. Further, the book also discusses accounting topics such as impairments, new IFRS standards and the impact of accounting on key performance indicators of financial steering, which are associated with these investment decision valuations. The combination of accounting with the cash flow perspective provides a complete understanding of selected practical topics of financial steering which are explained in detail in a large number of examples and case studies. The book is intended for a wide range of finance/controlling/treasury/accounting professionals and students. It is written in practical and simple terms to outline the financial steering concept and to bring it to life in daily work and in the decision making process for financial steering. All illustrated concepts are in the same manner relevant and applicable to all other asset-intense industry sectors and their financial steering processes.



Goodwill Impairment

Author : Thorsten Sellhorn

Publisher : Peter Lang Pub Incorporated

Page : 323 pages

File Size : 26,73 MB

Release : 2004

Category : Reference

ISBN : 9783631527078

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Book Description

In 2001, goodwill amortization in the US was eliminated in favor of an impairment-only approach, which, according to critics, gives managers vast discretion and opportunities for earnings management. Prior research suggests that discretionary asset write-offs are associated with economic factors and managers_ financial reporting objectives. Based on a systematic literature review, this study investigates for a comprehensive sample of US firms the determinants of goodwill write-off behavior. Regression analysis shows that write-off behavior is significantly explained by firms_ economic properties. Only in large, high-profile firms, incentives appear to be significant determinants. These findings suggest that the impairment-only approach does capture goodwill impairment at least to some extent.



Double Accounting for Goodwill

Author : Martin Bloom

Publisher : Routledge

Page : 246 pages

File Size : 28,64 MB

Release : 2008

Category : Business & Economics

ISBN : 0415437482

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Book Description

Goodwill may be either purchased or internally generated. A historical review of accounting literature, including professional standards, relating to methods of accounting for purchased goodwill, forms an integral part of the book. The difficulty in accounting meaningfully for goodwill is compounded because, given its foundation in historical cost principles, accounting has been unable to present any information at all with regard to internally generated goodwill within the confines of the traditional Balance Sheet. This, in turn, has led to the evasion of the reality that the two forms of goodwill are inextricably merged. Trying to account satisfactorily for goodwill has been a prime example of R.R. Sterling's 'issues conceived in a way that they are in principle unresolvable'. The issue was accordingly redefined as to develop a method by which the current level of information relating to goodwill in the financial statements contained in a company's Annual Report could be improved. The book seeks to identify a logically defensible method of accounting for goodwill that addresses that redefined problem. It builds upon the historical research undertaken, combined with a priori reasoning, to propose an additional financial statement which is a modification of nineteenth century 'double accounting' in a modern context. This statement, which goes far to solve the redefined problem, also furnishes information regarding the company's market capitalization at balance date and is termed the Market Capitalization Statement ("MCSa).



Segment Reporting

Author : International Accounting Standards Committee

Publisher :

Page : 58 pages

File Size : 40,33 MB

Release : 1997

Category : Accounting

ISBN :

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Book Description