Accounting Standards Archives - Quantum Accounting Inc.

Goodwill Accounting Treatment to Shift Toward Impairment Model. Is the World Instead Returning to the Amortization Model?

Accounting Monster — Fri, 11 Jul 2025 04:55:43 +0000

Introduction In 2025, Japanese accounting standards concerning goodwill are approaching a major turning point. The Japanese government’s Council for Promotion of Regulatory Reform has compiled a report, including recommendations to abolish the mandatory periodic amortization of goodwill under traditional Japanese GAAP or to transition to an elective system of non-amortization or amortization. The Council plans ...

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Accounting Treatment of Goodwill in SPAC Mergers

Accounting Monster — Fri, 06 Oct 2023 06:00:15 +0000

The original article is in Japanese. The following is a summary of its content. The Rise of Goodwill Impairment in SPAC Deals A Wall Street Journal article in April 2023 highlighted that companies which went public via Special Purpose Acquisition Companies (SPACs) have recorded significant goodwill write-downs. This trend suggests that initial acquisition prices may ...

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Our Technical Advisor Mr. Hamajima Has Published an Article on the New Lease Accounting Standards

Accounting Monster — Sun, 30 Jul 2023 11:50:20 +0000

The Exposure Draft No. 73, “Accounting Standard for Leases (Tentative Draft),” and the “Implementation Guidance on Accounting Standard for Leases (Tentative Draft),” released on May 2, 2023, will require lessees to recognize assets and liabilities for, in principle, all lease transactions. This new standard is expected to become mandatory as early as the fiscal year ...

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Our Technical Advisor Mr. Hamajima Has Published an Article on International Tax Rules

Accounting Monster — Wed, 19 Apr 2023 04:13:46 +0000

In March 2023, BEPS 2.0, including its Pillar Two, was enacted as part of the tax reform bill in the Japanese National Diet. We imagine that many large corporations have already commenced their tax compliance efforts in response to this. However, it is also necessary to consider the resulting impact of these tax measures on ...

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