Research Topic: Goodwill and Impairment Link to Project: https://www.ifrs.org/projects/work-plan/goodwill-and-impairment/ Task: Prepare and submit a report based on research, review, and analysis of an ongoing FASB project. Specifically: In a five to seven-page report, please describe the project, its history (briefly), and the project’s status. The final section of the report should describe the implications of the project’s adoption. For example, a report might discuss a project that would result in accelerating the recognition of certain expenses and require additional disclosures. Using resources at ww.ifrs.org and www.fasb.org, identify the relevant GAAP and current standards related to the IFRS issue. Discuss the proposed change (i.e., what will be different?) and the reasons for the change as explained by the IASB. Using at least three different databases in a library, find at least five sources of information on this IFRS / FASB project. As research is conducted, identify an actual case that may have provided the impetus for this proposed change, or that would have been influenced by the proposed change. At least two sources should be from scholarly or professional journals. Identify stakeholders and the impact of the proposed change on each of the stakeholders (comment letters may provide good insight).
