Goodwill Accounting Alternatives for Private Entities

GOODWILL ALTERNATIVES FOR PRIVATE COMPANIES AND NOT-FOR-PROFITS November 2024 OVERVIEW This white paper discusses the accounting alternatives provided by the Financial Accounting Standards Board (FASB) to simplify the subsequent accounting for goodwill by private companies and not-for-profit entities. In this white paper, we explain the scope and key aspects of each alternative and summarize how the election of each alternative affects an eligible entity’s subsequent acco