ASU 2021-03 — Intangibles—Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events

The amendments in this Update provide private companies and not-for-profit entities with an accounting alternative to perform the goodwill impairment triggering event evaluation as required in Subtopic 350-20 as of the end of the reporting period, whether the reporting period is an interim or annual period.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2020-1100—Intangibles—Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events, which has been deleted.

Issued: March 30, 2021