How Much Is Goodwill Worth? FASB Allows Nonprofits to Use Simpler Report
The Financial Accounting Standards Board (FASB) released an accounting standard on May 30, 2019, that allows nonprofit organizations to use simpler, less expensive techniques available to private companies to report goodwill and certain identifiable intangible assets. The recent update is effective immediately. It’s intended to provide donors and other financial report users with more comparable information on how certain kinds of acquired intangible assets fared in…
Goodwill Impairment Trends
Review the results from the 2014 US Goodwill Impairment study and learn about the trends happening in Goodwill impairment - Schneider Downs.
Goodwill Impairment Survey
Learn about key trends in Goodwill Impairment taken from the 2014 Goodwill Impairment survey and how they will impact your company - Schneider Downs.
How to Provide Constructive Feedback
Disaster at Kraft: What Purchase Price Allocations and Goodwill Impairment Can Teach Us about M&A...
On February 22, 2019, investors woke up to a shocking 27% decline at the opening bell of the stock price of The Kraft Heinz Company (Nasdaq:KHC). Overnight, the market capitalization of Kraft dropped $15.9 billion, from $58.8 billion to $43.0 billion. The sell-off was a result of Kraft Heinz’s announcement of fourth quarter and full …
Testing Goodwill for Impairment
Practical guidance and illustrations related to the qualitative assessment and the first step of the two-step goodwill impairment test.
FASB Releases CECL: What You Need to Know Now
On June 16th the FASB issued the final standard for credit losses. We’ve analyzed the new standard and pulled together some key items you’ll need to know It looks like you should be able to implement CECL without purchasing expensive third-party models, if your institution is able to get adequate historical data from your core system and has the personnel available to crunch the numbers. Following…
Q&A: VRC's Walter O’Haire on how valuation firms work with PE firms, current valuation trends
Walter O'Haire is a managing director at Valuation Research Corporation, focusing on business development on the West Coast. He was kind enough to sit down and chat with us for a Q&A.
7 Tips for Providing Constructive Feedback in a Professional Setting
Two individuals may have an entirely different outlook on the same situation, which is why offering feedback is an important part of effective communication. Providing and receiving professional, constructive feedback empowers us to realize someone else’s perspective of our work and performance When feedback is given constructively and in a professional manner, it can propel significant performance and behavioral changes. But neglecting to give feedback properly…
What’s on (and off) the FASB’s Radar?
The Financial Accounting Standards Board (FASB) isn’t planning to issue any major accounting standards updates in 2017, because it wants companies to focus on implementing the new leasing and revenue recognition standards. Instead, the board is fine-tuning certain narrow-range topics in financial reporting, such as hedging and consolidation. Here’s what’s been decided on those topics and why the board recently refused to clarify the definition of “readily determinable fair value.”
Goodwill Donation Guidelines and Accepted Items
Follow the Goodwill donation guidelines to know what Goodwill does and does not accept for donations at their stores.
Tips for implementing FASB’s not-for-profit standard
FASB recently issued its first major change to not-for-profit accounting standards since 1993. Here are tips for implementing the new standard.
Constructive: What It Is
Experience Goodwill: How Goodwill is Going Green
In honor of Saint Patrick's Day and the start of Spring, we're highlighting some of the ways that Goodwill is going green!
How to Handle Constructive Criticism
How to Give Constructive Feedback |
Giving constructive feedback is a critical leadership skill, but it is also hard to do; in this video we look at how you can do this for maximum effect.
How Not to Have a Constructive Debate
The left is often criticized for shutting down debate. But is productive debate even possible when we can't agree on the terms?
IASB vs. FASB: What’s the difference?
The SEC is expected to issue a recommendation before the end of the year that may require publicly held companies to adopt international accounting standards issued by the International Accounting Standards Board (IASB). If this happens, it’s not clear how the IASB and the Financial Accounting Standards Board (FASB) would work together to support and …
How to share constructive criticism
People often share constructive criticism—of a student’s college essay, a boss’s idea, a colleague’s project, etc.—by starting and ending with something positive. University of Pennsylvania professor Adam Grant calls this a “feedback sandwich,” and while it might make things easier for the person giving the feedback, it doesn’t actually help the recipient. Here’s a short article of Grant’s explaining why it doesn’t work, and what he…
5 Tips for Shopping at Goodwill
You can find some excellent deals at Goodwill. Here's a list of tips for shopping at one of these stores.