Goodwill

1.

An intangible asset representing the additional premium paid to acquire control of a company.

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.

See also

• Acquisition accounting
• FRS 10
• FRS 11
• Goodwill on consolidation
• Impairment
• Negative goodwill
• Net assets