Should goodwill be subject to impairment testing in financial accounting?
Should goodwill be subject to impairment testing in financial accounting? Assignment extract: As explained within the Chapter 8, intangible asset, Australian accounting standards now prohibit goodwill from being subject to amortisation. There is a requirement that goodwill be subject to impairment testing. In relation to impairment testing of goodwill, Petersen and Plenborg (2010, p.420) state: … Read more