Difference between revisions of "Goodwill"

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1.  
  
An intangible asset representing the additional premium paid to acquire control of a company.  
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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.
 
Also known as positive goodwill.
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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.
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Relevant accounting standards include Sections 18, 19 and 27 of FRS 102.
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3.
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The positive reputation of a business.
  
  
 
== See also ==
 
== See also ==
 
* [[Acquisition accounting]]
 
* [[Acquisition accounting]]
* [[FRS 10]]
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* [[FRS 102]]
* [[FRS 11]]
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* [[Goodwill on consolidation]]
 
* [[Goodwill on consolidation]]
 
* [[Impairment]]
 
* [[Impairment]]
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* [[Intangible assets]]
 
* [[Negative goodwill]]
 
* [[Negative goodwill]]
 
* [[Net assets]]
 
* [[Net assets]]
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* [[Research & development]]
  
[[Category:Context_of_treasury]]
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[[Category:Accounting,_tax_and_regulation]]
 
[[Category:Corporate_finance]]
 
[[Category:Corporate_finance]]

Latest revision as of 22:47, 20 May 2020

1.

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.

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.


3.

The positive reputation of a business.


See also