IASB Insights into Decisions made on Merger and Acquisition disclosures and goodwill accounting

The International Accounting Standards Board (IASB) explained two major decisions that have been made in the Business Combinations—Disclosures, Goodwill and Impairment project in an article published 31 Jan 2023:

• The reason for the IASB’s decisions about how companies could disclose better information about mergers and acquisitions (business combinations), and
• whether to retain the impairment-only model to account for goodwill or to explore reintroducing amortisation of goodwill.

Read the article here.