Goodwill: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Broaden to businesses.) |
imported>Doug Williamson (Add 3rd definition.) |
||
| Line 12: | Line 12: | ||
Relevant accounting standards include Sections 18, 19 and 27 of FRS 102. | Relevant accounting standards include Sections 18, 19 and 27 of FRS 102. | ||
3. | |||
The positive reputation of a business. | |||
Revision as of 23:55, 15 January 2020
1.
An intangible asset representing the additional premium paid to acquire control of a business.
Also known as positive goodwill.
2.
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.
3.
The positive reputation of a business.
