How do you treat goodwill and intangibles in the forecast?

Goodwill usually stays flat unless there is an acquisition, disposal, FX movement, or impairment. Under IFRS / US GAAP, goodwill is not amortized. Finite-lived intangibles are amortized over useful life. Link amortization to the income statement and balance sheet. Do not model goodwill impairment in base-case DCF unless there is a specific accounting scenario.