Small is Beautiful – an accounting take

I recently got round to reading E. F. Schumacher’s 1973 book Small is Beautiful: a Study of Economics as if People Mattered, inspired by a post on Maria Popova’s Brain Pickings blog. Popova says: “Sharing an ideological kinship with such influential minds as Tolstoy and Gandhi, Schumacher’s is a masterwork of intelligent counterculture, applying history’s…

Goodwill and impairment – did they find a better way?

As we addressed previously, the IASB has published “a Discussion Paper on possible improvements to the information companies report about acquisitions of businesses to help investors assess how successful those acquisitions have been.” We noted before that the IASB “has concluded that there is no alternative that can target goodwill better and at reasonable cost.” Let’s…