Accounting for goodwill: its effect on enterprise and social economy
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Accounting for goodwill: its effect on enterprise and social economy by Barindra Kumar Basu

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Published by Nababharat Publishers in Calcutta .
Written in English

Subjects:

  • Goodwill (Commerce) -- Accounting.

Book details:

Edition Notes

Statement[by] B. K. Basu.
Classifications
LC ClassificationsHF5681.G6 B36
The Physical Object
Paginationx, 141 p.
Number of Pages141
ID Numbers
Open LibraryOL5400144M
LC Control Number72903282

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  Accounting for business goodwill in your books requires that you subtract the fair market value of tangible assets from the total worth of the business. Goodwill is, therefore, equal to the cost of acquisition minus the value of net assets. While it’s possible to estimate goodwill, there’s no need to until the completion of the sale/5(8). The economic valuation of goodwill is based on an interdisciplinary approach that synergistically considers the legal, accounting, fiscal, and strategic : Roberto Moro Visconti. First the accounting treatment of goodwill has effects whose length largely exceeds managers' the cost of acquisition of an enterprise and the fair value of its net assets. [17] According to. Martin Kedron, Goodwill and Its Effect on Share Price of Manufacturing and Nonmanufacturing Companies, Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, /actaun, 68, 2, (), ().

  The effect of goodwill on a company's value is better understood by learning the factors that create business goodwill. The three factors in the creation of a company's goodwill . This Financial Reporting Alert discusses certain key accounting and financial reporting considerations related to conditions that may result from the COVID pandemic as well as various industry-specific considerations. The significance of the topics discussed will of course vary by industry and entity, but we believe that the following accounting and reporting issues will be the most.   Goodwill is an intangible asset for a company, such as a brand name or intellectual property. There are two ways to calculate its value, a need which often . goodwill types may affect the identification and. ownership of the goodwill. But, the distinction of these three types of goodwill should not affect the valuation results. The first goodwill type is institutional goodwill. This is the goodwill that relates to an industrial or commercial business enterprise. This goodwill.

  The results suggested that investors could not easily identify the financial statement effects of goodwill accounting rules at the time for a substantial number of firms with material goodwill. Duval et al. () then argued that the more complete and uniform goodwill disclosures were needed. ADVERTISEMENTS: Let us make in-depth study of the concept definition, features and benefits of social accounting. Concept of Social Accounting: Business is a socio-economic activity and it draws its inputs from the society, hence its objective should be the welfare of the society. It should owe a responsibility towards solving many of the social problems. [ ]. Specifically, if an entity has tax-deductible goodwill, there is the possibility of running into a cycle of impairment due to the decreasing book value of its goodwill increasing its deferred tax asset (or decreasing its deferred tax liability). The value of company goodwill is still an actual issue for the scientific community. Goodwill as an economic phenomenon has attracted the attention of economic experts since the nineteenth century. Nowadays, there are many approaches to goodwill valuation. However, its identification and quantification are still a challenge.