Production of Numbers about the Future: The Case of Impairment Testing of Goodwill

Jari Huikku, Jan Mouritsen, Hanna Silvola

Research output: Contribution to conferencePaperResearchpeer-review


Future orientation is a key element of IFRS financial reporting. Valuation of
goodwill illustrates the challenge because when applying value in use calculations
for impairment testing, it takes the future into account. Based on empirical data from 44 semi-structured and 10 follow-up interviews of prominent Finnish business managers, auditors, analysts, investors, financial supervisory authority, academics and media, the paper extends prior research which has used large data. The paper analyses impairment testing as a process where network of human and non-human actors produce numbers about the future. This process is a collective assemblage where many actors and many mediators (e.g. budgets, strategic plans, institutional analyses and guidelines) develop a process that is not understood as individual and subjective but as collective.
Original languageEnglish
Publication date2012
Number of pages34
Publication statusPublished - 2012
EventThe Tenth Interdisciplinary Perspectives On Accounting Conference - Cardiff City Hall , Cardiff, United Kingdom
Duration: 11 Jul 201213 Jul 2012
Conference number: 10


ConferenceThe Tenth Interdisciplinary Perspectives On Accounting Conference
LocationCardiff City Hall
Country/TerritoryUnited Kingdom
SponsorCardiff University
Internet address

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