Accounting Standards Update · 2014

ASU 2014-02 — Intangibles—Goodwill and Other (Topic 350)

Affects350 Intangibles—Goodwill and Other

The objective of this Update is to address the concerns of private company stakeholders that the benefits of the current accounting for goodwill do not justify the related costs. The amendments in this Update provide guidance about an accounting alternative for the subsequent measurement of goodwill.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update PCC-13-01B—Intangibles—Goodwill and Other (Topic 350), which has been deleted.

Accounting Standards Update No. 2014-02 (PDF)

Issued: January 16, 2014

Text as published in the FASB Accounting Standards Codification, Basic View.