Valuation for Financial Reporting: Intangible Assets, Goodwill, andImpairment Analysis provides guidance and insight in theidentification and measurement of intangible assets and goodwillpursuant to the Financial Accounting Standards Board Statements ofFinancial Accounting Standards (SFAS) No. 141, BusinessCombinations and (SFAS) No. 142 Goodwill and Other IntangibleAssets.The new rules are sweeping and complex. Valuation for FinancialReporting will bring clarity to CFOs, auditors, valuationprofessionals, and CPAs by explaining the valuation aspects of thenew financial reporting requirements, including how to identify thecharacteristics of goodwill and intangible assets, determine ifimpairment has occurred, and employ specific methods to assess thefinancial impact of such impairment.While numerous articles and commentaries on the subject haveappeared dating back to the time the FASB began considering theissue, Valuation for Financial Reporting is the first to provide"real world" examples of the valuation techniques and methodologiesrequired to perform a purchase price allocation under SFAS No. 141and an impairment study under SFAS No. 142. Valuation for FinancialReporting will help lift the veil of mystery surrounding these twoimportant pronouncements and provide a practical guide for theirimplementation.This book:* Shows the CPA and client how to apply the new SFAS 141 rules thatpertain to all companies involved in an acquisition (buyer orseller) by analyzing and valuing the tangible and intangible assetsacquired.* Teaches the CPA and client how to apply the new SFAS 142 rulesthat pertain to all companies that recognize and measure intangibleassets and goodwill which may now be impaired* Presents detailed case studies and examples on how to apply andimplement SFAS 141 and SFAS 142* Provides a "How To" on the identification and measurement ofintangible assets.* Includes a checklist for controlling the gathering of datanecessary for the analyses and another checklist guiding the workprogram for methodologies* Offers guidance and examples for financial reporting purposes.

Preface.Acknowledgments.About the Authors.1. History of Mergers and Acquisitions and FinancialReporting.2. SFAS No. 141, Goodwill and Other Intangible Assets in a BusinessCombination.3. Determining Goodwill and Other Intangible Assets in a BusinessCombination: A Case Study.4. SFAS No. 142, Impairment of Goodwill and Other IntangibleAssets.5. Impairment Analysis: A Case Study.6. Issues in and Implementation of SFAS Nos. 141 and 142.7. Implementation Aids.Endnotes.Index.