Goodwill: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Expand 3rd definition.) |
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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]] | ||
Revision as of 05:15, 17 January 2022
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.
Also known as positive goodwill.
2. Financial reporting - consolidated accounts.
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.
3. Intangible assets - reputational risk management.
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.
