Goodwill: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add 3rd definition.) |
imported>Doug Williamson (Add quote.) |
||
| Line 24: | Line 24: | ||
* [[Goodwill on consolidation]] | * [[Goodwill on consolidation]] | ||
* [[Impairment]] | * [[Impairment]] | ||
* [[Intangible assets]] | |||
* [[Negative goodwill]] | * [[Negative goodwill]] | ||
* [[Net assets]] | * [[Net assets]] | ||
Revision as of 14:35, 8 April 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.
