Failed acquisitions do not always result in goodwill impairments. Management optimism is part of the problem, but so is application of the impairment test in a way that maximises the shielding effect of other assets. This reduces the value of goodwill impairments for investors. Analysing the success or failure of M&A is important to assess management stewardship. We applaud the IASB’s proposal for more disclosure, but also believe the goodwill impairment test needs a critical review. Some u...| The Footnotes Analyst
Melco International Development Limited, the parent company of Macau concessionaire Melco Resorts & Entertainment, says it will record an impairment| IAG
May 22-28, 2021, has been designated as National Safe Boating Week, which kicks off a yearlong campaign promoting the importance of wearing a life jacket. In this episode of Behind-the-Scene @ NTSB, we talk with Morgan Turrell, Director, NTSB Office of Marine Safety, about the 2021-2022 Most Wanted List safety item Improve Passenger and Fishing Vessel … Continue reading Episode 39: Marine Safety→| NTSB Safety Compass Blog
By Member Tom Chapman The holiday season is a time of increased impaired-driving crashes. Accordingly, December has been designated National Impaired Driving Prevention Month to draw attention to the 100-percent preventable traffic fatalities and injuries attributed to impaired driving. In 2018, according to the National Highway Traffic Safety Administration (NHTSA), 10,511 people were killed in … Continue reading Drive Sober And Save Lives This Holiday Season→| NTSB Safety Compass Blog
By Member Tom Chapman Is it possible to have a sleep disorder and not know it? From personal experience, I can tell you the answer is yes. A few years ago, my doctor told me that I was at risk for obstructive sleep apnea (OSA), which is a sleep disorder involving episodes of airway obstruction … Continue reading Screening Commercial Motor Vehicle Drivers for Obstructive Sleep Apnea Can Save Lives→| NTSB Safety Compass Blog
By Nicholas Worrell, Chief, NTSB Safety Advocacy Division Sunday, November 15, is the World Day of Remembrance for Road Traffic Victims. I’ve known many of you who have lost loved ones this way, and I’ve worked alongside many survivor advocates for years. Along with the courage and strength I’ve seen among these survivors, it’s plain to me that … Continue reading World Day of Remembrance for Road Traffic Victims→| NTSB Safety Compass Blog
By Robert Molloy, PhD, Director, NTSB Office of Highway Safety As we wrap up Drowsy Driving Prevention week, I want to remind drivers about the importance of getting adequate rest before operating …| NTSB Safety Compass Blog
Assets measured at cost are subject to impairment testing and potential write-down if there has been a decline in value. However, unclear impairment indicators, subjective measurement and the ability to use so-called value-in-use may mean that accounting impairments do not equal the change in economic value. We discuss the impairment process for investments in associated companies that are subject to equity accounting. In the case of French media company Vivendi’s investment in Telecom It...| The Footnotes Analyst
Once every decade or so accountants fret over goodwill and reconsider how best to report it in financial statements - should it be amortised, impaired, amortised and impaired, or something else? There is no obvious right answer, positions are entrenched, and debate usually gets nowhere. The problem is that neither amortisation nor impairment provides much help for investors. The debate needs to move on to what really matters – reporting about business value. There are already encouraging mo...| The Footnotes Analyst
In a new episode of our Behind the Scene @NTSB podcast, we talk with Ellen Lee, Project Manager and Brian Bragonier, Investigator, both in the Office of Highway Safety, about the January 29, 2022, …| NTSB Safety Compass Blog
By Leah Walton, NTSB Safety Advocate In the Spring of this year, I attended the Association of Ignition Interlock Program Administrators (AIIPA) Annual Conference, a gathering of about 130 people all committed to eliminating impaired driving. Attendees included state ignition interlock program administrators, ignition interlock manufacturers, researchers, law enforcement, toxicologists, and representatives from the treatment … Continue reading Help Us Reach Zero: Adopt All-offender Igniti...| NTSB Safety Compass Blog
By Chair Jennifer Homendy This is the second in a three-part series examining the safety of vulnerable road users, as new federal data show a rise in traffic deaths among motorcyclists, bicyclists, and pedestrians last year. Read the first post. I love nearly everything about bicycles, from riding around Virginia to creating art for the … Continue reading We Need to Change the Bike Safety Conversation→| NTSB Safety Compass Blog
By Chair Jennifer Homendy This is the first in a three-part series examining the safety of vulnerable road users, as new federal data show a rise in traffic deaths among motorcyclists, bicyclists, and pedestrians last year. When it comes to learning, I’m one of those people who doesn’t just want to read about something — … Continue reading Motorcycle Safety Is Everyone’s Responsibility→| NTSB Safety Compass Blog
By Nicholas Worrell, Chief, NTSB Safety Advocacy Division More people are dying in crashes since the pandemic began. Deaths on our roads increased from 36,096 in in 2019 to 38,824 in 2020, and to an estimated 31,720 in the first 9 months of 2021, a further 12% increase. At that rate of increase, fatalities will … Continue reading Kicking off National Distracted Driving Awareness Month→| NTSB Safety Compass Blog
By Leah Walton, NTSB Safety Advocate I was 21 years old in the year 2000 when I started working in the field of impaired driving prevention, specifically underage drinking prevention. I remember some of my colleagues recalling, “Back in my day, the legal drinking age was 18 years old.” I don’t have that recollection – … Continue reading 40 Years Later: The Safety Impact of the 21 Minimum Legal Drinking Age Law→| NTSB Safety Compass Blog
By Member Tom Chapman This year, the Super Bowl will be played on Sunday, February 13th. Like many Americans, I circled the date on my calendar months ago. It’s a special day to enjoy with family and friends. It’s a day to watch the biggest game of the year while indulging in favorite football fare— … Continue reading The Super Bowl—By the Numbers→| NTSB Safety Compass Blog
By Member Tom Chapman Unlike last year when many holiday gatherings were cancelled due to the pandemic, many of us will return to visiting family and attending holiday parties this year. Some may see this as an opportunity for a 2020 do-over and may overindulge on merriment. The holiday season is a time of increased … Continue reading Drive Sober and Save Lives the Holiday Season→| NTSB Safety Compass Blog
By Stephanie Shaw, NTSB Safety Advocate As parents, caregivers, teachers, school administrators, and school transportation safety professionals prepare for the return to school the health and safety of our children is the highest priority. This school year, back to school preparation for our children looks very different and it’s easy to forget about transportation safety … Continue reading Back-to-School Transportation Safety→| NTSB Safety Compass Blog
By Leah Walton, NTSB Safety Advocate Twenty years ago, in the summer of 2001, I began my work to end alcohol-impaired driving at the Minnesota State Office of Mothers Against Drunk Driving. Over these 20 years, although so much has changed and there’s much to celebrate, we still have so much work to do. What … Continue reading Preventing Alcohol-Impaired Driving: We All Are Part of the Solution→| NTSB Safety Compass Blog
By Member Thomas Chapman Impaired driving, in some form or another, has been on every NTSB Most Wanted List since its inception in 1990. And with more than 10,000 impaired-driving deaths each year, it’s hard to imagine ever removing it. We have made safety recommendations about impaired driving prevention since 1968.Yet the problem persists. Part … Continue reading Prevent Alcohol- and Other Drug-Impaired Driving→| NTSB Safety Compass Blog
May has been designated by the National Highway Traffic Safety Administration as National Motorcycle Safety Awareness Month, to help motorists understand standard motorcycle driving behaviors and learn how to drive safely around motorcycles on our roadways. In this episode of Behind-the-Scene @ NTSB, NTSB Highway Crash Investigators Kenny Bragg and Mike Fox discuss our investigation of … Continue reading Episode 40: Motorcycle safety month→| NTSB Safety Compass Blog
Following the 2008 financial crisis, loan loss provisioning was changed to reflect ‘expected’ losses rather than ‘incurred’ losses. This made the impairment reserves of banks more responsive to changes in credit quality, but it also introduced a distorting day 2 effect. Under US GAAP most expected loan losses are charged to profit up front. This ‘prudent’ approach may be liked by banking regulators, but it can produce performance metrics that are confusing for investors. The disto...| The Footnotes Analyst
Investors require financial data that is comparable over time, comparable within a single set of financial statements, and comparable between companies. Unfortunately, this is not always the case. We explain how differences between IFRS and US GAAP, accounting policy options, differing interpretations and accounting estimates, can all reduce comparability. Convergence and comparability should be a priority for the IASB and FASB. Present consultations by the IASB and FASB regarding the account...| The Footnotes Analyst