Things to Consider: Goodwill Impairment Testing

September 2023

Goodwill represents the excess of the cost of an acquired entity over the net of the amounts ascribed to its recognized assets and liabilities. Following initial recognition through purchase accounting, goodwill is tested for impairment under ASC 350 at least annually, or upon the occurrence of a triggering event. At Tall Oaks Partners, we understand and appreciate the importance of having a quality and supportable valuation for goodwill impairment testing purposes. In the first release of the Things to Consider series, we highlight six things to consider when preparing a valuation for goodwill impairment purposes. Click the link below to download and read more.

About Tall Oaks Partners

Based in Houston, TX, Tall Oaks Partners provides valuation and financial advisory services to corporate management of public and private companies, investment and fund managers, and stakeholders in businesses of a variety of scale. The Tall Oaks Partners team has significant experience assisting clients with a multitude of valuation matters for strategic, tax, and financial reporting purposes. Our services and deliverables are tailored to client needs and prevailing industry and economic trends.

 

For more information, please contact:
info@talloakspartners.com
(346) 440-1818