Difference between revisions of "Goodwill"

From ACT Wiki
Jump to: navigation, search
(Update for FRS 102)
Line 9: Line 9:
  
 
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 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.
  
  
 
== See also ==
 
== See also ==
 
* [[Acquisition accounting]]
 
* [[Acquisition accounting]]
* [[FRS 10]]
+
* [[FRS 102]]
* [[FRS 11]]
+
 
* [[Goodwill on consolidation]]
 
* [[Goodwill on consolidation]]
 
* [[Impairment]]
 
* [[Impairment]]

Revision as of 10:59, 6 November 2015

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.


Relevant accounting standards include Sections 18, 19 and 27 of FRS 102.


See also