ASUs 2011-08 and 2012-02 did not change the quantitative tests for goodwill or indefinite-lived intangible asset impairment testing, respectively For instance, ASU 2011-08 states that if, based on a qualitative assessment, an entity determines that it is more likely than not that the fair value of a reporting unit
is less than its carrying amount, the entity is required to perform Step 1 of the quantitative test.
GAAP to test this asset for impairment at the reporting unit
level on an annual basis and, in certain circumstances, between annual tests.
The Army began modernizing the procedures for reporting unit
readiness status in October when it introduced the Defense Readiness Reporting System-Army (DRRS-A).
First, the carrying and fair values of a reporting unit
are compared to determine if there is impairment Second, if impairment is determined to exist at the reporting unit
level, the carrying and fair market values of goodwill within the reporting unit
Interestingly, if a business combination provides synergies and benefits to another operation, then s ome of its goodwill can be assigned to that other reporting unit
3m in its other midstream operations - water solutions reporting unit
L~Atalante facility must establish a reporting unit
for processing the uranium and plutonium solutions.
Data operations for the Americas reporting unit
did not meet all criteria required to receive discontinued operations accounting treatment.
The traditional goodwill impairment test is performed at the reporting unit
level and consists of two steps.
These single reporting unit
companies will typically cite the presence of an inactive market as justification for not considering its own stock price in its goodwill impairment test.