Goodwill - Revision history

imported>Doug Williamson: Add IFRS and US GAAP accounting.

2023-02-12T20:57:11Z

Add IFRS and US GAAP accounting.

← Older revision		Revision as of 20:57, 12 February 2023
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	1. ''Intangible assets - financial reporting.''		1. ''Intangible assets - financial reporting.''

	Goodwill is an intangible asset representing the additional premium - in excess of the value of net assets - paid to acquire control of a business.		Goodwill is an intangible asset representing the additional premium - in excess of the book value of net assets - paid to acquire control of a business.

	Also known as positive goodwill.		Also known as positive goodwill.
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	The excess of the total book value of the whole business, above the net value of its individual assets and liabilities.		The excess of the total book value of the whole business, above the net value of its individual assets and liabilities.

	Relevant accounting standards include Sections 18, 19 and 27 of FRS 102.		Relevant accounting standards include IFRS 3 and IAS 38 under IFRS, ASC 350 under US GAAP, and Sections 18, 19 and 27 of FRS 102 under UK GAAP.


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	== See also ==		== See also ==
	* [[Acquisition accounting]]		* [[Acquisition accounting]]
			* [[ASC 350]]
	* [[Book value]]		* [[Book value]]
	* [[Consolidated group accounts]]		* [[Consolidated group accounts]]
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	* [[FRS 102]]		* [[FRS 102]]
	* [[Goodwill on consolidation]]		* [[Goodwill on consolidation]]
			* [[IAS 38]]
			* [[IFRS 3]]
	* [[Impairment]]		* [[Impairment]]
	* [[Intangible assets]]		* [[Intangible assets]]
			* [[International Financial Reporting Standards]] (IFRS)
	* [[Know-how]]		* [[Know-how]]
	* [[Market value]]		* [[Market value]]
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	* [[Reputational risk]]		* [[Reputational risk]]
	* [[Research & development]]		* [[Research & development]]
			* [[UK GAAP]]
			* [[US GAAP]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Corporate_finance]]		[[Category:Corporate_finance]]

imported>Doug Williamson: Add link.

2022-03-11T21:01:35Z

Add link.

← Older revision		Revision as of 21:01, 11 March 2022
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	* [[Impairment]]		* [[Impairment]]
	* [[Intangible assets]]		* [[Intangible assets]]
			* [[Know-how]]
	* [[Market value]]		* [[Market value]]
	* [[Negative goodwill]]		* [[Negative goodwill]]

imported>Doug Williamson: Expand 3rd definition.

2022-01-17T05:15:04Z

Expand 3rd definition.

← Older revision		Revision as of 05:15, 17 January 2022
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	2. ''Financial reporting - consolidated accounts.''		2. ''Financial reporting - consolidated accounts.''

	The excess of the total value of the whole business, above the net value of its individual assets and liabilities.		The excess of the total book value of the whole business, above the net value of its individual assets and liabilities.

	Relevant accounting standards include Sections 18, 19 and 27 of FRS 102.		Relevant accounting standards include Sections 18, 19 and 27 of FRS 102.
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	The positive reputation of a business.		The positive reputation of a business.

			It can sometimes be estimated as the difference between the market value of a business and its adjusted book value.


	== See also ==		== See also ==
	* [[Acquisition accounting]]		* [[Acquisition accounting]]
			* [[Book value]]
	* [[Consolidated group accounts]]		* [[Consolidated group accounts]]
	* [[Financial reporting]]		* [[Financial reporting]]
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	* [[Impairment]]		* [[Impairment]]
	* [[Intangible assets]]		* [[Intangible assets]]
			* [[Market value]]
	* [[Negative goodwill]]		* [[Negative goodwill]]
	* [[Net assets]]		* [[Net assets]]

imported>Doug Williamson: Layout.

2021-06-09T16:16:15Z

Layout.

← Older revision		Revision as of 16:16, 9 June 2021
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	The excess of the total value of the whole business, above the net value of its individual assets and liabilities.		The excess of the total value of the whole business, above the net value of its individual assets and liabilities.


	Relevant accounting standards include Sections 18, 19 and 27 of FRS 102.		Relevant accounting standards include Sections 18, 19 and 27 of FRS 102.

imported>Doug Williamson: Layout.

2021-06-09T16:15:47Z

Layout.

← Older revision		Revision as of 16:15, 9 June 2021
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	1.		1. ''Intangible assets - financial reporting.''

	An intangible asset representing the additional premium - in excess of the value of net assets - paid to acquire control of a business.		Goodwill is an intangible asset representing the additional premium - in excess of the value of net assets - paid to acquire control of a business.

	Also known as positive goodwill.		Also known as positive goodwill.


	2.		2. ''Financial reporting - consolidated accounts.''

	The excess of the total value of the whole business, above the net value of its individual assets and liabilities.		The excess of the total value of the whole business, above the net value of its individual assets and liabilities.
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	3.		3. ''Intangible assets - reputational risk management.''

	The positive reputation of a business.		The positive reputation of a business.
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	== See also ==		== See also ==
	* [[Acquisition accounting]]		* [[Acquisition accounting]]
			* [[Consolidated group accounts]]
			* [[Financial reporting]]
	* [[FRS 102]]		* [[FRS 102]]
	* [[Goodwill on consolidation]]		* [[Goodwill on consolidation]]
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	* [[Negative goodwill]]		* [[Negative goodwill]]
	* [[Net assets]]		* [[Net assets]]
			* [[Reputational risk]]
	* [[Research & development]]		* [[Research & development]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Corporate_finance]]		[[Category:Corporate_finance]]

imported>Doug Williamson: Remove surplus text.

2020-05-20T22:47:40Z

Remove surplus text.

← Older revision		Revision as of 22:47, 20 May 2020
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	Also known as positive goodwill.		Also known as positive goodwill.


	~~<span style="color:#4B0082">'''''Example: Goodwill'''''</span>~~

	~~:A 'home grown' star football player should be just as valuable to a club as one who has been bought-in.~~

	~~:But the balance sheet would only include the bought-in players, not the home grown ones.~~

	~~:A valuation of the company for sale or purchase should recognise the playing value of all talented players, regardless of whether they were bought-in or home grown.~~

imported>Doug Williamson: Add example.

2020-05-20T16:00:18Z

Add example.

← Older revision		Revision as of 16:00, 20 May 2020
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	Also known as positive goodwill.		Also known as positive goodwill.


			<span style="color:#4B0082">'''''Example: Goodwill'''''</span>

			:A 'home grown' star football player should be just as valuable to a club as one who has been bought-in.

			:But the balance sheet would only include the bought-in players, not the home grown ones.

			:A valuation of the company for sale or purchase should recognise the playing value of all talented players, regardless of whether they were bought-in or home grown.

imported>Doug Williamson: Add link.

2020-04-24T21:54:27Z

Add link.

← Older revision		Revision as of 21:54, 24 April 2020
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	* [[Negative goodwill]]		* [[Negative goodwill]]
	* [[Net assets]]		* [[Net assets]]
			* [[Research & development]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Corporate_finance]]		[[Category:Corporate_finance]]

imported>Doug Williamson: Expand first definition.

2020-04-08T14:36:58Z

Expand first definition.

← Older revision		Revision as of 14:36, 8 April 2020
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	1.		1.

	An intangible asset representing the additional premium paid to acquire control of a business.		An intangible asset representing the additional premium - in excess of the value of net assets - paid to acquire control of a business.

	Also known as positive goodwill.		Also known as positive goodwill.

imported>Doug Williamson: Add quote.

2020-04-08T14:35:37Z

Add quote.

← Older revision		Revision as of 14:35, 8 April 2020
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	* [[Goodwill on consolidation]]		* [[Goodwill on consolidation]]
	* [[Impairment]]		* [[Impairment]]
			* [[Intangible assets]]
	* [[Negative goodwill]]		* [[Negative goodwill]]
	* [[Net assets]]		* [[Net assets]]