# ASC 350-10-05: Intangibles—Goodwill and Other — Overall — 05 Overview and Background Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/350/10/#05-overview-and-background) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:e4cda65bbc648f15377a40010a404020453c9886aea6340a23d3d6b1ff1d5ea0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/350/10/#05-overview-and-background) SEC content: no ##### [350-10-05-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:230050d5b6ca2cf811b6d5ef968814a8aa6e4d160bf128a50ad88edd500a2e67 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Intangibles—Goodwill and Other Topic provides guidance on financial accounting and reporting related to [goodwill](https://asc.understandingaccounting.org/glossary/g/#goodwill "An asset representing the future economic benefits arising from other assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation that are not individually identified and separately recognized. For ease of reference, this term also includes the immediate charge recognized by not-for-profit entities in accordance with paragraph 958-805-25-29.") and other [intangible assets](https://asc.understandingaccounting.org/glossary/i/#intangible-assets "Assets (not including financial assets) that lack physical substance. (The term intangible assets is used to refer to intangible assets other than goodwill.)"), including the subsequent measurement of goodwill and intangible assets. It does not include guidance on the accounting at acquisition for goodwill and intangible assets acquired in a business combination or in an [acquisition by a not-for-profit entity](https://asc.understandingaccounting.org/glossary/a/#acquisition-by-a-not-for-profit-entity "A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities."). It also does not include guidance on the accounting upon formation for goodwill and intangible assets recognized by a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities."). 1. a [Subparagraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). 3. c [Subparagraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-2](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:f4037034e72945ca88fb8afa0d18dde49d5c163b5339d6706f0415f63ff954ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-3](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:236d47db4486c9a5efb6acd0633263a2563c2894fdd009751db5954e26edc147 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Topic includes the following Subtopics: 1. a Overall. 2. b Goodwill—Subtopic 350-20 provides guidance on the measurement of goodwill after acquisition, derecognition of some or all of goodwill allocated to a reporting unit, other presentation matters, and disclosures. 3. c General Intangibles Other Than Goodwill—Subtopic 350-30 provides guidance on the initial recognition and measurement of intangible assets other than goodwill that are either: 1. 1 Acquired individually or with a group of assets in a transaction that is not a business combination, an acquisition by a not-for-profit entity, or a joint venture formation 2. 2 Internally generated. 4. d Internal-Use Software—Subtopic 350-40 provides guidance on the accounting for the cost of computer software that is developed or obtained for internal use and [hosting arrangements](https://asc.understandingaccounting.org/glossary/h/#hosting-arrangement "In connection with accessing and using software products, an arrangement in which the customer of the software does not currently have possession of the software; rather, the customer accesses and uses the software on an as-needed basis.") obtained for internal use. 5. e Website Development Costs—Subtopic 350-50 provides guidance on whether to capitalize or expense costs incurred to develop a website. 6. f Crypto Assets—Subtopic 350-60 provides guidance on the subsequent measurement, presentation, and disclosure of crypto assets. ##### [350-10-05-3A](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-3A) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:7b016ba6c13d37869d1c73d0922cefa807250df5ae97d28d39531c92271bd8b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Guidance for the financial accounting and reporting at acquisition of goodwill and other intangible assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation is provided in the following Subtopics: 1. a Subtopic 805-20 provides acquisition guidance for intangible assets acquired in a business combination or in an acquisition by a not-for-profit entity. 2. b Subtopic 805-30 provides guidance on recognition and initial measurement of goodwill acquired in a business combination. 3. c Subtopic 958-805 provides guidance on recognition and initial measurement of goodwill acquired in an acquisition by a not-for-profit entity. 4. d Subtopic 805-60 provides guidance for a joint venture upon formation on recognition and initial measurement of goodwill and other intangible assets. ##### [350-10-05-4](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:1b8043108428af5bc2b0098e0f6f2c4c44c21a31b7b40c6dd247e2e0ee32df7c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-5](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:2dd36413266b716c870fc910ddf74b66bcb1e71110f81a03545bd70519610b8c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-6](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:cebafab156bc3c8426197e754789702d41e348ac90b4b74df9c4bf40df2ca49d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-7](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:9e4f25648b0d3cbccc903617c14d75fb1d3f4b4d1c4d70d4c397d0475e9554fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/).