Tentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are tentative and may be changed at future Board meetings.Wednesday, March 2, 2022 FASB Board Meeting
Identifiable intangible assets and subsequent accounting for goodwill. The Board discussed (1) the accounting for identifiable intangible assets in a business combination and (2) the goodwill balances that should be included in the scope of the subsequent accounting guidance for goodwill. The latter included goodwill arising from a reorganization, goodwill at a subsidiary (including from applying pushdown accounting), and goodwill arising from applying the equity method of accounting. The Board provided its leaning to require that an entity subsume contractual and noncontractual customer relationships into goodwill if they are not separable. The Board also provided its leaning to include reorganization goodwill, goodwill at a subsidiary, and equity method goodwill in the scope of subsequent accounting guidance for goodwill and to provide additional implementation guidance for entities applying pushdown accounting. No decisions were made.