For government contractors, costs must be allocated into different cost pools in contracts. Overhead costs are attributable to labor but not directly attributable to a contract. G&A costs are all other costs necessary to run the business, such as business insurance and accounting costs. Marketing and other expenses incurred to sell the product are also…
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Conducting robust impairment testing is important for providing investors transparency into the performance of acquisitions. The impairment test involves comparing the carrying value of the cash-generating unit (CGU) or reporting unit to which goodwill has been allocated to its recoverable amount. The recoverable amount is defined as the higher of the CGU/unit’s fair value less…
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