Monday, October 6, 2008

What are the implications of goodwill impairment?

Impairment in the goodwill party

The current generation of CFOs (chief financial officers) could be set for a sobering experience with a slew of goodwill impairment announcements looming large on the horizon, says Ms Nandini Chopra, Valuations Services Head at KPMG in India.
The grim scenario she foresees is of a number of C-class executives having to admit that their company overpaid for acquisitions during the bull market times of recent years; or that their newly merged business has not performed as expected.

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