Accounting for the impairment of goodwill and other long-lived assets is complex because there are different models depending on the type of asset involved. To assist teams in understanding the various models, including the different units of account and impairment recognition thresholds, we have updated our Accounting Brief, Snapshot: Accounting for the impairment of goodwill and other long-lived assets. The Accounting Brief also includes a high-level overview of the private company accounting alternatives for goodwill.
For additional information about the private company goodwill alternatives, refer to our Financial Reporting Insights, Goodwill alternatives for private companies and not-for-profits, which has also been recently updated.
