Japan says work on goodwill is a high priority

The Accounting Standards Board of Japan (ASBJ), in its response to the IASB’s agenda consultation, says that it thinks the most important area on which the standard-setter should work is amortisation of goodwill. It rates the conceptual framework and principles of disclosure as its other top priorities. Discount rates score the worst of the projects on the IASB’s research agenda, being rated as of low importance and low urgency.