--- title: Financial Advisory Services Online --- CALL YOUR LOCAL OFFICE** - How Can We Help? - [New York(646) 661-3800](tel:6466613800) - [New York(516) 829-4936](tel:5168294936) - [White Plains(914) 294-4300](tel:9142944300) - [Stamford(203) 357-1500](tel:2033571500) - [Roseland(973) 226-4500](tel:9732264500) [![MSG, New York City Accounting Firm](https://info.msgcpa.com/hubfs/msgcpa_june2016/images/logo.png)](http://www.msgcpa.com/) ![msgcpa_blog.jpg](https://info.msgcpa.com/hs-fs/hubfs/msgcpa_june2016/images/msgcpa_blog.jpg?width=1920&name=msgcpa_blog.jpg "msgcpa_blog.jpg") # Default HubSpot Blog We have distilled decades of experience at the intersection of law, business and finance into a suite of articles to help our clients make sense of business valuation, forensic accounting, and litigation support. Please visit our site regularly for our latest content. ## [AN ATTORNEY'S GUIDE TO GOODWILL IMPAIRMENT TESTING](https://info.msgcpa.com/blog/bid/111569/AN-ATTORNEY-S-GUIDE-TO-GOODWILL-IMPAIRMENT-TESTING) Posted in [goodwill impairment testing](https://info.msgcpa.com/blog/topic/goodwill-impairment-testing),, [financial analysis](https://info.msgcpa.com/blog/topic/financial-analysis), on Dec 2011, by: Mark Gottlieb [**](https://info.msgcpa.com/blog#) - [Tweet](https://twitter.com/share) Many companies carry "goodwill" on their balance sheet as an asset. As a result, like all assets, goodwill must be valued correctly on the company's balance sheet in order for it to provide accurate information to investors and to the public. When the 'carrying value' of goodwill (the value reported on the balance sheet) is less than the fair market value, the goodwill is "impaired" and its value *must* be reduced. Goodwill impairment testing is thus required annually by financial accounting[...] ## [AN ATTORNEY'S GUIDE TO TRANSFER PRICING & VALUATION ISSUES](https://info.msgcpa.com/blog/bid/111587/AN-ATTORNEY-S-GUIDE-TO-TRANSFER-PRICING-VALUATION-ISSUES) Posted in [transfer pricing](https://info.msgcpa.com/blog/topic/transfer-pricing), on Dec 2011, by: Mark Gottlieb [**](https://info.msgcpa.com/blog#) - [Tweet](https://twitter.com/share) When one person or entity sells something to another person or entity, it is usually assumed that the seller tried to get a fair price for the item sold. Typically, that price is set by the laws of supply and demand in a market economy. However, when the people involved in the transaction are *related* in some way, the game changes. Picture, for example, a parent selling a house or a car to a child. The parent may be far more generous than he would be of selling the house to a stranger. For this[...] Page 1 of 1 [1](https://info.msgcpa.com/blog/page/1)  ### Categories - [financial analysis (1)](https://info.msgcpa.com/blog/topic/financial-analysis) - [goodwill impairment testing (1)](https://info.msgcpa.com/blog/topic/goodwill-impairment-testing) - [transfer pricing (1)](https://info.msgcpa.com/blog/topic/transfer-pricing) [** Subscribe](http://www.msgcpa.com/feed/) ### Archives - [December 2011 (2)](https://info.msgcpa.com/blog/archive/2011/12) ### Contact Us Now ** 1270 Avenue of the Americas New York, New York 10020 [**(646) 661-3800](tel:6466613800) [**Contact Us Now](http://www.msgcpa.com/contact/) © Copyright 2024. All rights reserved. [Sitemap](http://www.msgcpa.com/sitemap/) | [Legal](http://www.msgcpa.com/legal/) | Mark S. Gottlieb, CPA, PC. | [A PaperStreet Web Design](http://www.paperstreet.com) | [Privacy Policy](https://www.iubenda.com/privacy-policy/7998695)       [**](https://info.msgcpa.com/blog#top) - [**](https://www.facebook.com/pages/Mark-S-Gottlieb-CPA-PC-MSG-CPA/204605909583557) - [**](http://twitter.com/msgcpa) - [**](http://www.linkedin.com/company/mark-s-gottlieb-cpa-pc) - [**](https://plus.google.com/u/0/b/104224829981145506106/104224829981145506106/about) - [**](http://www.msgcpa.com/contact/)