An asset group to be tested for impairment must include goodwill only if the group is, or includes, a reporting unit, as defined in FASB Statement no. 142, Goodwill and Other Intangible Assets.
"We have put forward a couple of options to the ICC in a meeting we had with anti-corruption unit in October for a change in the reporting system, " he added.
Suddenly he was responsible not just for end-of-period financial reporting but also for a new financial planning and analysis unit, an expanded roster of product finance managers, a newly installed financial system, and occasional meetings with stock analysts.
Some buyers are reportinga yellow tint to their screens -- probably not enough to notice without another unit side-by-side for comparison, but real nonetheless.