The following column is written by Andrew D. Galbraith, CFA, MBA, director with HealthCare Appraisers. Accounting Standard Codification 350 – Intangibles, Goodwill and Other Indefinite Lived Assets ...

In January 2017, the Financial Accounting Standards Board (FASB) issued amendments to its Accounting Standards Codification Topic 350, Intangibles: Goodwill and Other (ASC 350). ASC 350 describes the ...

Global and domestic financial markets are continuing to experience volatility related to the spread of the coronavirus (COVID-19) pandemic worldwide. As businesses assess the impact of COVID-19 on ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) (the “Company” or “Bakkt”) announced that it completed its annual impairment testing of goodwill and other intangible assets as ...

The American Institute of CPA (AICPA) has revised its guide, the Practice Aid, Accounting for and Auditing of Digital Assets, to align with the latest Financial Accounting Standards Board (FASB) ...

Instead, you would only recognize any upside as a gain upon the sale of the intangible asset, and that’s just in cases where the sale price exceeds the adjusted carrying value. You’re not wrong for ...

The American Institute of CPAs updated its practice aid on accounting for and auditing digital assets in response to changes in accounting standards. Processing Content The updated version of the ...