UKEB report on Subsequent Measurement of Goodwill: A Hybrid Model published

The UKEB has published its report Subsequent Measurement of Goodwill: A Hybrid Model as part of its contribution to the IASB’s project on goodwill and impairment.

Goodwill is a significant asset for UK IFRS reporters, totalling £397 billion for the FTSE 350 in 2021 and representing on average 18% of total assets.  The UKEB report presents results of research into the practical implications of a potential transition to a hybrid model for subsequent measurement of goodwill, based on the model currently used in UK GAAP. The report concludes that a transition to a hybrid model for subsequent measurement of goodwill would be practically feasible.

The UKEB is delighted to be invited to present its report at the IASB’s Accounting Standards Advisory Forum (ASAF) on 29 September 2022. You can register to watch the session here.

Thank you to all who contributed to this research project.