The Dilemma of Subsequent Measurement of Goodwill:Based on the Perspective of the Conceptual Framework of Financial Reporting
The huge amount of goodwill generated by mergers and acquisitions has the risk of substantial impairment,and the problem of its subsequent measurement has become increasingly prominent.The conceptual framework of financial reporting guides the formulation and evaluation of accounting standards,but there is a logical contradiction in terms of goodwill amortization or impairment.From the perspective of the conceptual framework of financial reporting,combined with the historical development of the conceptual framework of financial reporting,this paper finds that the confusion of the measurement basis and the change of accounting concepts in the conceptual framework are the root causes of the difficulties in the following measurement of goodwill.In addition,China's current accounting standards can not take on the function of the conceptual framework,so to solve the problem of China's goodwill should be based on the construction of the conceptual framework and combine with its own characteristics to improve the efficiency of impairment test.
subsequent measurement of goodwillmeasurement dilemmaconceptual framework of financial reportingimpairment testsystematic amortization
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