Dataline: Highlights of November 2010 meeting of FASB's Valuation Resource Group (No. 2010-42)

Dataline 11/04/2010 by Assurance services

At its November 2010 meeting, the FASB's Valuation Resource Group (VRG) discussed issues relating to: (1) fair value measurement of contingent consideration in a business combination, (2) application of the multi-period excess earnings method and the Greenfield method to value intangible assets, (3) consideration of premiums and discounts in fair value measurements, (4) a proposed Accounting Standards Update on determining the carrying amount of a reporting unit when performing step 1 of the goodwill impairment test, and (5) measurement uncertainty analysis disclosure. This PwC Dataline summarizes the key points discussed by the FASB and VRG and shares the firm's insights.