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Business Assets Accounting Standards

Opportune LLP

Business Combinations vs Asset Acquisitions ...

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The classification of a transaction as either a business combination or an asset acquisition for financial reporting purposes has recently received greater attention. The differences between the two types of transactions can...more

Opportune LLP

Asset Impairment Testing: 3 Steps For Avoiding Pitfalls Under ASC 360

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Companies should take precautions to avoid potential pitfalls when performing long-lived asset impairment testing under ASC 360. ...more

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Bringing Goodwill & Asset Impairment Testing into Focus

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Find out why adequetely addressing year-end goodwill and long-lived asset impairment testing procedures improves financial audits, reviews and allows for greater transparency. Market equity prices and indices continued to...more

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Under New Lease Standard: Interpreting ‘Class of Underlying Asset’

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The Financial Accounting Standards Board (FASB) has issued several new Accounting Standards Codifications (ASC) and Accounting Standards Updates (ASU) over the past two years. This has resulted in management teams furiously...more

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