Witryna20 sty 2024 · As a result, it can be complex and costly for these entities to perform an analysis of whether goodwill impairment triggering events occurred during the year, and if necessary, to measure any impairment as of those interim dates. Given the Board’s feedback from the users of financial statements that interim goodwill … Witryna2 dni temu · MINNEAPOLIS--(BUSINESS WIRE)--Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2024 fourth-quarter and full-year results. Fourth-quarter revenue grew 4.9 percent to $344.1 million
Goodwill triggering event alternative provides relief to some …
Witryna6 kwi 2024 · On March 30, 2024, the FASB issued ASU 2024-03 to address this issue. The amendments provide private companies and not-for-profit entities (NFPs) with an accounting policy election to perform the goodwill impairment triggering event evaluation as of the end of the reporting period, whether the reporting period is an … Witryna6 kwi 2024 · Annually, and more frequently if impairment indicators exist Long-lived assets to be held and used (ASC 360) When impairment indicators exist Goodwill (ASC 350-20) Annually, and more frequently if impairment indicators exist 3 . 2 . 1 * Other assets subject to impairment testing are tested at the same time (e.g., inventory, highbush blueberries varieties
Apogee Enterprises Reports Fiscal 2024 Fourth Quarter and Full …
WitrynaA triggering event happens when there is proof that the value of a reporting unit is beneath the carrying amount. If you have a triggering event impairment that … Witryna22 gru 2024 · However, that does not relieve them of this requirement. If management determines that a triggering event occurred, such organizations would still need to conduct an impairment test as of the date of the triggering event (back in Q1 or Q2), without consideration of subsequent 2024 events or operating results. Witrynaalternative for a goodwill impairment triggering event evaluation shall disclose its use of the alternative as a significant accounting policy in accordance with paragraph 235-10-50-1. Scope of ASU 2024-03 Alternative Limited to Goodwill The accounting alternative provided by ASU 2024-03 only applies to the goodwill impairment triggering event ... highbush blueberries zone