Negative goodwill and Primary financial statements: Difference between pages

Latest revision as of 15:43, 5 April 2022

Financial reporting.

Under International Accounting Standards (IAS) 'primary' financial statements are the main external accounting statements that must be presented.

These are:

Statement of financial position (balance sheet).
Income statement (profit or loss account), which can be included in the statement of comprehensive income.
Statement of comprehensive income.
Statement of changes in equity.
Statement of cash flows.

The primary financial statements are supported by Notes to the external accounts, providing additional and more detailed financial information.

@@ Line 1: / Line 1: @@
-''Accounting''.
+''Financial reporting.''
-Negative goodwill may arise in an acquisition.
+Under International Accounting Standards (IAS) 'primary' financial statements are the main external accounting statements that must be presented.
-Where the total value of net assets acquired is greater than the total purchase price paid, the difference represents a discount or negative goodwill.
+These are:
-== See also ==
+* Statement of financial position (balance sheet).
-* [[Goodwill]]
+* Income statement (profit or loss account), which can be included in the statement of comprehensive income.
+* Statement of comprehensive income.
+* Statement of changes in equity.
+* Statement of cash flows.
+The primary financial statements are supported by Notes to the external accounts, providing additional and more detailed financial information.
+==See also==
+* [[Annual report]]
+* [[Balance sheet]]
+* [[Cash flow statement]]
+* [[Entity]]
+* [[Financial reporting]]
+* [[IAS 1]]
+* [[Income statement]]
+* [[International Accounting Standards]] (IAS)
+* [[Notes]]
+* [[Primary]]
+* [[Primary statements]]
+* [[Statement of cash flows]]
+* [[Statement of changes in equity]]
+* [[Statement of comprehensive income]]
+* [[Statement of financial position]]
+* [[Statement of profit or loss and other comprehensive income]]
 [[Category:Accounting,_tax_and_regulation]]
-[[Category:Corporate_finance]]
+[[Category:Compliance_and_audit]]