Understanding Accounting
Menu
External resource

ASU 2014-02, Accounting for Goodwill

FASB amendment source for the elective private company goodwill amortization and impairment alternative.

Authority and currency

About this authority

Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Accounting Standards Update 2014-02
Relevant parts
Summary and amendments; verify current Codification election and scope
Currency
current · checked Aug 8, 2026

Open the primary source

The private-company route is an elective entity-scope alternative, not a simplification available whenever an exercise feels difficult. The packet must supply eligibility, election, amortization period support, and impairment facts.