Response by the Financial Reporting Policy Committee of the Financial Accounting and Reporting Section of the American Accounting Association to the FASB Invitation to Comment on Identifiable Intangible Assets and Subsequent Accounting for Goodwill

In October 2019, the Financial Reporting Policy Committee of the Financial Accounting and Reporting Section of the American Accounting Association submitted a comment letter to the Financial Accounting Standards Board regarding the accounting for certain identifiable intangible assets acquired in a...

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Bibliographic Details
Published in:Accounting horizons 2022-09, Vol.36 (3), p.1-19
Main Authors: Clor-Proell, Shana M., Brown, Nerissa, Stubben, Stephen R., White, Brian J., Blankespoor, Elizabeth, Gordon, Elizabeth A., Gujarathi, Mahendra R, Henry, Elaine, Merkley, Kenneth J.
Format: Article
Language:English
Subjects:
Accounting
Accounting standards
Accounting Standards Updates
Assets
Financial reporting
Goodwill
Intangible assets
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Summary:In October 2019, the Financial Reporting Policy Committee of the Financial Accounting and Reporting Section of the American Accounting Association submitted a comment letter to the Financial Accounting Standards Board regarding the accounting for certain identifiable intangible assets acquired in a business combination and subsequent accounting for goodwill. This paper summarizes the content of the comment letter and discusses opportunities for future research on intangible assets that may inform accounting standard-setting decisions. JEL Classifications: M40.
ISSN:0888-7993
1558-7975
DOI:10.2308/HORIZONS-2020-194