FASB Turns Up the Heat on Goodwill Impairment Testing

The Economical Accounting Specifications Board has recently elevated goodwill accounting to the best of its agenda, just after political force stemming from substantial-profile organization failures in the U.K., notably Carillion’s, pushed the Intercontinental Accounting Specifications Board to deal with the topic.

In the United States, the substantial goodwill compose-offs at Normal Electrical and Kraft Heinz have been political gasoline for FASB, which was by now looking at regardless of whether to revisit the idea of allowing or requiring general public firms to amortize goodwill.

Heading a stage more, previous July FASB issued an Invitation to Comment (ITC) that assumed the

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Xi Installs Close Ally to Tighten Control Over Hong Kong

HONG KONG—Chinese President Xi Jinping set up a former lieutenant and onetime law enforcer to head Beijing’s Hong Kong coverage-producing agency, continuing a shake-up intended to tighten management over the protest-racked city.

The appointment of Xia Baolong as director of the Hong Kong and Macau Affairs Place of work, introduced Thursday by point out media, places the former British colony below the supervision of a gentleman who once as a provincial chief upheld Communist Get together authority with a campaign to tear down Christian church buildings and crosses.

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China Ousts High-Level Officials as Coronavirus Cases Soar

BEIJING—China ousted two major Communist Party officials in Hubei province, the middle of the new coronavirus outbreak, hours after overall health officials there confirmed 14,840 new bacterial infections on Wednesday alone—an just about ten-fold raise from a working day earlier—indicating that the epidemic is much from tapering off.

The large-amount firings of the Communist Party secretaries of both Hubei province and its cash of Wuhan, where by the contagion is thought to have started out very last thirty day period at a sector with are living, wild animals, demonstrated Beijing’s…

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China cannot fight coronavirus and also avert an economic crisis

China is losing its fight towards the 2019-nCoV viral enemy – we must brace for a worldwide pandemic

China have to be nearing the stage where by the social and economic charges of attempting to stamp out the coronavirus by totalitarian approaches are greater than the trauma of letting it run.

A standard nation would at some point conclude that the more rational system is to acknowledge that the disease can no for a longer time be contained (presented the a few missing weeks of the Wuhan include-up), take care of it as a kind of turbo-charged wintertime flu,

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Atos expands strategic partnership with Groupe PSA to build new integrated SAP S/4HANA platform

Paris, France, February twelve, 2020

Atos, a worldwide leader in electronic transformation, has extended its strategic partnership by signing a new contract with French multinational automotive maker Groupe PSA. This plan is to develop an SAP S/4HANA organization system which integrates the two Opel-Vauxhall and Peugeot-Citroen-DS entities on a joint accounting procedure, in purchase to speed up electronic transformation throughout the Groupe.

This plan is the first stage of a Groupe PSA main procedure, built to be run on SAP S/4HANA. It will foster enhancements in organization processes for improved close-to-close efficiency enhanced oblique stock transparency, plant routine maintenance efficiency,

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