oa Meditari : Research Journal of the School of Accounting Sciences - Accounting for goodwill : the transition from amortisation to impairment - an impact assessment

Volume 13, Issue 1
  • ISSN : 1022-2529



When the FASB adopted an impairment test approach in 2001, rather than amortisation, the accounting for goodwill arising from an acquisition took a step in a new direction. The IASB, seeking international convergence and global harmonisation, also implemented this change when it issued in 2004.

Moving away from amortisation towards an impairment test involves a radical change. The research on which this paper is based was undertaken to examine these two very different accounting practices for the treatment of goodwill and to assess the possible impact that a transition from the one to the other may have on financial reporting.

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