Volatile financial markets and shifting economic conditions can impact the value of a company’s assets across the balance sheet. As a result, companies are often challenged in making the best decisions for measuring and reporting impairment charges. Improper decisions can adversely impact earnings or prompt unwanted scrutiny from regulators.
Goodwill impairment testing: Using "Step 0" to reduce costs
Impairment testing involves more than “determining a number to book.” Consider the strategic areas of financial reporting that intersect with annual testing required for goodwill and other assets. A more informed approach can strengthen your company’s financial position and help avoid unnecessary risks or surprises.
How PwC can help
The Transaction Services professionals at PwC offer a combination of accounting, valuation, financial reporting and industry know-how to assist with your company’s impairment testing challenges. We can help you analyze your approach to impairment testing required for goodwill and other indefinite-lived intangible assets and consider strategies for improvement.
For more information, contact John Glynn or download a PDF describing our approach.