Domicile and Goodwill: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
 
imported>Doug Williamson
(Expand 3rd definition.)
 
Line 1: Line 1:
1. ''Company and commercial law - tax.''
1. ''Intangible assets - financial reporting.''


The place or country in which a company is incorporated, or a business is registered.
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.  ''Individuals - tax.''


The country that an individual treats as their home, and with which they have the closest legal attachment.
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.


3. ''Investment funds.''
Relevant accounting standards include Sections 18, 19 and 27 of FRS 102.


The country of a fund’s creation.


3. ''Intangible assets - reputational risk management.''


4.  ''Bills of exchange.''
The positive reputation of a business.


The place where a bill of exchange is payable.
It can sometimes be estimated as the difference between the market value of a business and its adjusted book value.




== See also ==
== See also ==
* [[Bill of exchange]]
* [[Acquisition accounting]]
* [[Company]]
* [[Book value]]
* [[Fund]]
* [[Consolidated group accounts]]
* [[Governing law]]
* [[Financial reporting]]
* [[Incorporation]]
* [[FRS 102]]
* [[Residence]]
* [[Goodwill on consolidation]]
* [[Tax]]
* [[Impairment]]
* [[Intangible assets]]
* [[Market value]]
* [[Negative goodwill]]
* [[Net assets]]
* [[Reputational risk]]
* [[Research & development]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

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.


See also