Global Standards for the world economy

Wednesday 03 March 2021

Banner graphic

Goodwill and Impairment

 Goodwill and Impairment

Project objective

The objective of this research project is to consider how to address the following three areas of focus identified in the Post-implementation Review (‘the PIR’) of IFRS 3 Business Combinations:

  • whether changes should be made to the existing impairment test for goodwill and other non-current, non-financial assets;
  • subsequent accounting for goodwill (including the relative merits of an impairment-only approach and an amortisation and impairment approach); and
  • the extent to which other intangible assets should be separated from goodwill.