FASB 141
Welcome to Appraisal Economics Inc. and our FASB 141 information page. Appraisal Economics is experienced in providing valuation services in accordance with FASB 141 and FASB 142. Discover how the knowledge and experience of Appraisal Economics can be utilized to your benefit. Visit our homepage to learn more about each of our valuation services, and our commitment to providing clients with accurate, detailed results.
FASB 141 & FASB 142
FASB 141 and FASB 142 are Statements of Financial Accounting Standards enacted by the Financial Accounting Standards Board. The main goal of both is to empower investors with better financial information. FASB 141 and FASB 142 were enacted to address critical issues of accuracy in financial reporting.
FASB 141 requires using the purchase method of accounting to evaluate all business combinations. It also prohibits using the pooling-of-interests method. Furthermore, parties are required to estimate the fair value of acquired intangible assets using a specific method. According to FASB 141, intangible assets must be categorized by type and separated into two groups: those with an identifiable remaining useful life and those with an indefinite useful life. The latter is classified as goodwill. In summary, FASB 141 was enacted to better reflect the investment made in an acquired entity, improve the comparability of reported financial information and provide more complete financial information.
Under FASB 142 the amortization of goodwill will no longer be permitted, although it will still be recognized as an asset. Instead, companies now have to test goodwill at least once a year for impairment. In the past, goodwill has been amortized over its useful life.
Appraisal Economics has the personnel, expertise and research resources required to provide FASB 141 and 142 valuation services that will stand up to SEC scrutiny. Our global valuation services are the product of comprehensive analysis and valuation expertise. For more information about our valuation services, please follow this link: FASB 141 Valuation Services.
Other Valuation Services
Appraisal Economics offers a wide variety of independent real estate, equipment, and business valuation services to the financial, legal and business communities. Learn more about our wide variety of industry expertise and services offered, such as cost segregation, fairness opinions, or follow the links below for more information.
Intellectual Property
Intangible Assets
Equipment Appraisals
SFAS 123
Utility Valuation
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