Impairment has been a hotly debated issue as of late. Much of the discussion has focused on intangible assets, specifically debating the merits of impairment, depreciation, and amortization when recording the value of long-term intangible assets. The valuation of intangible … Continue reading
Category Archives: Impairments
ExxonMobil, Impairments, and the SEC
On November 24, 2020, ExxonMobil Corporation [NYSE: XOM] issued a press release indicating that the company no longer plans to develop portions of its dry gas portfolio, resulting in after-tax impairments of $17-20 billion. Like its competitors, a portion of … Continue reading
Goodwill and Intangible Asset Impairments in S&P 500 – Part 2
This is Part Two of a two-part post analyzing goodwill and intangible asset impairments. In Part One of this post, we looked at overall trends with impairment charges related to goodwill and intangible assets in light of an FASB invitation … Continue reading
Goodwill and Intangible Asset Impairments in S&P 500
In July 2019, the Financial Accounting Standards Board (FASB) issued an invitation to comment on identifiable intangible assets acquired in a business combination and the subsequent accounting for goodwill with the intention of determining if there is a cost benefit … Continue reading
Audit Analytics now Offers Accounting Quality Insights
Audit Analytics is proud to announce Accounting Quality Insights, our newest research product geared towards investors and financial professionals. Accounting matters are crucial in understanding the complete financial picture of a company; our insights cover accounting, control, and related governance … Continue reading
PayPal: The Importance of Intangible Asset Impairments
In July 2017, PayPal Holdings, Inc. [PYPL] acquired Canadian payment-processing company TIO Networks for $238 million. The purchase price consisted of $66 million of technology and customer-related intangible assets, net assets of approximately $2 million and initial goodwill of approximately … Continue reading