Goodwill: potential directions of development

By |2020-07-15T08:40:18+00:00July 15th, 2020|Categories: Business Valuation, Financial Reporting IFRS HKFRS|Tags: , |

The staff of Hong Kong Institute of CPAs and the staff of Accounting Standards Board of Japan (ASBJ) published a research paper (RP), Goodwill: Improvements to Subsequent Accounting and an Update of the Quantitative Study in March 2020. We would like to highlight some interesting findings from the paper: A steady increase in

Purchase Price Allocation (PPA)

By |2020-07-23T08:14:47+00:00May 30th, 2019|Categories: Business Valuation|Tags: , , , , |

With respect to the assignment of goodwill and other asset values, valuations for financial reporting purposes involve the allocation of asset values at the reporting unit level, and the acquired assets can be added to an acquirer’s existing reporting units. Book values of assets and liabilities are often different from their fair values. In allocating the purchase price to these assets and liabilities, we step, or write, them up/down to reflect their fair values.

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