Bringing Goodwill & Asset Impairment Testing into Focus

Bringing Goodwill & Asset Impairment Testing into Focus


Public and private energy companies should address year-end 2019 goodwill and long-lived asset impairment testing procedures so quarterly and financial audits and reviews can go smoothly and allow for greater transparency. Market equity prices and indices continued to decrease for many energy companies during 2019. For instance, between April 30,…

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Author Profile
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Kevin Cannon is a Principal in Opportune’s Valuation practice based in Houston. He has 19 years of experience performing business and asset valuations and providing corporate finance consulting. His specific experience includes valuations of businesses and intangible assets for purchase price allocations, impairment, tax planning, management planning and portfolio valuation purposes for companies in a variety of industries, including oil and gas, oilfield services, and industrial manufacturing.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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