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Discount Rates in Disarray: Evidence on Flawed Goodwill Impairment Testing
Author(s) -
Lonergan Wayne
Publication year - 2009
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2009.00070.x
Subject(s) - goodwill , accounting , financial crisis , economics , business , monetary economics , macroeconomics
The onset of the Global Financial Crisis (GFC) will focus even more attention on the inadequacies in impairment testing by reporting entities. However, experience with the corporate sector, even before the GFC, indicated that there were widespread problems in practice with impairment testing. The article by Carlin and Finch is therefore both timely and particularly relevant to the current capital markets.