Study on the Similarities and Differences in the Treatment of Goodwill Impairment in Domestic and Overseas Accounting Standards
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i1.3550
Abstract
The mainstream accounting standards on goodwill impairment testing, such as IFRS, US GAAP and China Accounting Standards (CAS), have been revised and updated several times. On the basis of an overview of the latest progress of goodwill impairment measurement in the U.S. Financial Accounting Standards and International Financial Reporting Standards and China's new accounting standards, this paper analyses in depth the differences and similarities of the goodwill impairment test provisions, and specifically provides an in-depth analysis of the goodwill impairment test in terms of the time point of the test, the testing unit, the basis of test measurement and the testing and measurement methods. Together, they discussed how the asset appraisal industry and enterprises can pay proper attention to the goodwill impairment test.
Keywords
accounting standard, goodwill impairment, china accounting standards, international accounting standards, American accounting standards
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[3] Xia Hongyan, He Zhanwei, Yuan Liuqing Discussion on the Differences and Similarities of Impairment Testing Provisions for Goodwill in Domestic and Foreign Accounting Standards [J] China Asset Appraisal, October 15, 2020.
[4] Zhang Liu Research on Accounting Information Disclosure of Goodwill Impairment [D] Beijing: Beijing Jiaotong University. June 1, 2011.
[5] Wang Hui, Xu Jialin Comparison between China's Specific Accounting Standards and IAS/IFRS (IV) [J] Financial Communication, July 10, 2006.
[6] Ding Yang A Brief Discussion on the Significance of Consolidating Goodwill for Different Accounting Information Users [J] Finance and Accounting Research, July 10, 2017.
[7] Zhang Weixin The Problems of Goodwill Impairment in China's Accounting Standards [J] Cooperative Economy and Technology, April 16, 2011.
[8] Li Jun Impairment testing and loss recognition - asset groups or combinations of asset groups that include goodwill [J] Journal of Shandong University of Commerce, June 15, 2010.
[9] Lu Guohua A Preliminary Discussion on the Treatment of Goodwill Impairment [J] Economic Forum, December 15, 2006.
[10] Lu Ting, Yao Zhenghai Thoughts on the transformation from two-step to one-step impairment testing of goodwill in the United States: based on the interpretation of FASB's 2017 Document No. 4 [J] Business Accounting, May 10, 2018.
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