Download or read book An Examination of the Development and Meaning of Goodwill and the Possibility of Achieving a Synthesis Between Its Legal and Accounting Concepts written by Ian Hamilton Tregoning and published by . This book was released on 2010 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses the topic of goodwill and the possibility of achieving a synthesis between its legal and accounting concepts. The genesis for this topic was the assertion by the High Court in FCT v. Murry that the legal and accounting concepts of goodwill were different to the extent that a synthesis between the concepts could not be achieved. The approach taken involves an examination of the evolution, nature and treatment of goodwill in both the legal and accounting contexts. The major focus is on the legal concept, but significant attention is also given to the accounting concept to enable an examination of the possibility of a synthesis between the two. Thus chapters 2-12 deal largely with the legal concept of goodwill and chapters 13-14 deal with the accounting concept. Chapter 15 contains the final analysis and conclusions.Chapter 1 introduces the topic and addresses a range of definitions of goodwill, both legal and accounting definitions. Chapter 2 examines the evolution of goodwill as a commercial legal concept dating back to early references in the sixteenth century. Chapter 3 carries on the examination of the legal concept from the point of view of it major elements and sources. Chapter 4 deals with important issues which go to the heart of our understanding of legal goodwill. The essential issues concern the concept of goodwill as one whole item of property, inseparably attached to a business but separate from its sources. Chapters 5-12 examine the concept in a range of specific legal contexts in order to determine what they add to our understanding and also to determine how the essential nature of legal goodwill holds up in these various contexts. Chapter 5 deals with goodwill in the context of partnerships. Much of the case law involving goodwill in this context arose in the nineteenth century in relation to the termination of partnerships. Chapter 6 examines goodwill in relation to restrictive covenants designed to protect the goodwill of a business. The history of the law of restrictive covenants can be traced back to the fifteenth century, where an incipient notion of goodwill may be seen to be emerging. Chapter 7 examines goodwill in the context of stamp duties, a tax with a long pedigree stretching back to the late seventeenth century. Chapter 8 examines the authorities concerning the nature and treatment of goodwill in the contexts of licensing, leasing and franchising. In chapter 9 the legal concept of goodwill is examined in the broad-ranging context of the tort of passing-off. Goodwill plays a central part in the modern tort as the element of business to be protected from damage by the act of passing-off.As discussed in chapter 10, the field of compensation law presents certain treatments of goodwill which strictly run counter to its legal nature, particularly in respect of counting goodwill as part of land in calculating an amount of compensation. However, as explained in this chapter, this is no more than a deeming device for the specific purposes of calculating compensation and thus should not be taken to deviate from the normal concept of goodwill. Chapter 11 deals with goodwill in a number of tax contexts not covered elsewhere in this paper. The relationship between tax and goodwill has been an uneasy one with a degree of friction between the concept of goodwill and its tax treatment. The last of the chapters focussing on legal goodwill, chapter 12, addresses issues concerning valuation in the legal context.Chapters 13 and 14 deal with the accounting concept of goodwill. Chapter 13 examines the origin and development of goodwill. It plots the evolution of accounting goodwill from its recognizable beginnings in the 1880s to WWII. Chapter 14 carries on with the examination of accounting goodwill in the modern period, identified as the period after WWII with an emphasis on the time from the early 1980s. As noted in the conclusion to that chapter, the definition, valuation and treatment of accounting goodwill have changed little in substance from the earlier periods pre-WWII.The conclusion in chapter 15 is that goodwill is essentially the same concept in both law and accounting, but a compound concept comprising different facets which apply in different contexts. Therefore, the need strictly to determine a synthesis is rendered redundant by this concept of goodwill.
Download or read book Accounting for Goodwill written by Andrea Beretta Zanoni and published by Routledge. This book was released on 2009-06-10 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an illuminating analysis of Internally Generated Goodwill from a strategic point of view. The author launches his strategic analysis from a foundational understanding of Internally Generated Goodwill as determined largely in relationship to intangible resources and competitive differentials. Arguing that intangible resources are at the origin of competitive differential--and accordingly at the origin of the achievement of economic profit--the author shows how Internally Generated Goodwill can be considered as the economic expression of competitive differentials and, therefore, as the expression of the greater firm’s value that originates from those differentials. In addition to offering this innovative theoretical framework, the author develops a variety of practical tools for generating value estimates and value breakdowns of IIG. The masterful analysis provided here focuses on developing methods for identifying the elements that compose IIG and on achieving an accurate estimate of its value, ultimately seeking to evaluate the limitations and advantages of the existing variety of approaches to analyzing the constituent parts of IIG and to devise accounting practices that will help academics and professionals alike to obtain more significant and lucid results.
Download or read book Commercial Goodwill written by Percy Dewe Leake and published by . This book was released on 1921 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Goodwill in Accounting written by Hugh P. Hughes and published by . This book was released on 1982 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Commercial Goodwill written by Percy Dewe Leake and published by Forgotten Books. This book was released on 2015-06-24 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Commercial Goodwill: Its History, Value, and Treatment in Accounts Commercial goodwill is legal property, and consists wholly of rights which may or may not have present exchangeable value. In its true economic meaning the term 44 commercial goodwill" covers a vast field of rights growing out of all kinds of past effort in seeking profit, increase of value, or other advantage which may be capable of future profitable development. These rights are legally protected under various names, both by statute law and by common law, for the use and benefit of the owner. Commercial goodwill may include any or all such property as business connection associated with names, persons and places of business, trade marks, patents and designs, copyright, and the right to exercise monopolies. The exchangeable value of goodwill is based on anticipation, and the character of the anticipation always is that the owner of any of these rights will earn future profit, increase of value, or other advantage in excess of the normal reward of any capital and human effort (which includes labour) needed to carry on the undertaking. Goodwill is generally assumed to possess present exchangeable value, and it often possesses great present exchangeable value. The question whether or not these rights, growing out of past effort in profit-seeking, possess present exchangeable value, does not concern the legislature. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Goodwill and Its Treatment in Accounts written by Lawrence Robert Dicksee and published by . This book was released on 1906 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Importance of New Technologies and Entrepreneurship in Business Development In The Context of Economic Diversity in Developing Countries written by Bahaaeddin Alareeni and published by Springer Nature. This book was released on 2021-03-12 with total page 2139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the students, researchers and practitioners into the subject and enabling technologies and applications pertaining to of technology, entrepreneurship and business development through research articles, case studies etc. It is primarily intended for academic purposes for learners of computer Science, management, accounting and information systems disciplines, economics,- entrepreneurship. Publishing chapters in the book is new innovative idea to spread the book in the Middle East and Arab countries and make the book achieve more sales. As many students in all levels, graduates and undergraduates in addition to research, professionals are not able to get sufficient resources because of the language concern.
Download or read book Accounting and Valuation Guide written by AICPA and published by John Wiley & Sons. This book was released on 2016-11-07 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new guide provides accounting and valuation guidance for impairment testing of goodwill. Specifically, it focuses on practice issues related to the qualitative assessment and the first step of the two-step test. This resource is a valuable tool for auditors, accountants and valuation specialists seeking an advanced understanding of the accounting, valuation, and disclosures related to goodwill impairment testing (including the qualitative assessment). It is also a vital resource for preparers of financial statements of public and private companies that follow FASB guidance on goodwill.
Download or read book Brands Trade Marks and the Law the Legal Protection of Corporate and Individual Identity written by and published by . This book was released on 2021-07-28 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Commercial Goodwill written by Percy Dewe Leake and published by . This book was released on 1948 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Capitalization of Goodwill 1921 written by Kemper Simpson and published by . This book was released on 2009-05 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
Download or read book Goodwill written by H. R. Simmons and published by . This book was released on 1949 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Commercial Goodwill written by Percy Dewe Leake and published by Forgotten Books. This book was released on 2017-10-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Commercial Goodwill: Its History, Value, and Treatment in Accounts Meaning Of private undertakings. - Professional practices - Trades and businesses - Valuing goodwill of private undertakings - Goodwill of professional practice retirement Of partner. - Decease Of partner. - Private partnership converted into limited company with additional partners - Private limited company. Death of one or two partners; valuation Of Shares. Disadvantages Of Old method Of valuing goodwill. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book A Critical Analysis of the Accounting Concept of Goodwill written by Terence Joseph Callaghan and published by . This book was released on 1964 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intangibles Goodwill and Other Topic 350 written by Financial Accounting Standards Board and published by . This book was released on 2017 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The FASB Accounting Standards Codification is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. An Accounting Standards Update is not authoritative; rather, it is a document that communicates how the Accounting Standards Codification is being amended. It also provides other information to help a user of GAAP understand how and why GAAP is changing and when the changes will be effective" -- Provided by publisher.
Download or read book Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries written by Yuan Ding and published by . This book was released on 2007 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to illustrate that the change in shareholders' attitude towards firms (from stakeholder model to shareholder model) influences the accounting treatments of goodwill. Our study is based on four countries (Great Britain, the United States, Germany, and France) and covers more than a century, starting in 1880. We explain that all these countries have gone through four identified phases of goodwill accounting, classified as (1) "static" (immediate or rapid expensing), (2) "weakened static" (write-off against equity), (3) "dynamic" (recognition with amortization over a long period) and (4) "actuarial" (recognition without amortization but with impairment if necessary). We contribute several new features to the existing literature on goodwill: our study (1) is international and comparative, (2) spans more than a century, (3) uses the stakeholder/shareholder models to explain the evolution in goodwill treatment in the four countries studied. More precisely, it relates a balance sheet theory, which distinguishes four phases in accounting treatment for goodwill, to the shift from a stakeholder model to a shareholder model, which leads to the preference for short-term rather than long-term profit, (4) contributes to the debate on whether accounting rules simply reflect or arguably help to produce the general trend towards the shareholder model, (5) demonstrates a "one-way" evolution of goodwill treatment in the four countries studied, towards the actuarial phase.
Download or read book Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries written by Jacques Richard and published by . This book was released on 2015 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to illustrate that the change in shareholders' attitude towards firms (from stakeholder model to shareholder model) influences the accounting treatments of goodwill. Our study is based on four countries (Great Britain, the United States, Germany, and France) and covers more than a century, starting in 1880. We explain that all these countries have gone through four identified phases of goodwill accounting, classified as (1) quot;staticquot; (immediate or rapid expensing), (2) quot;weakened staticquot; (write-off against equity), (3) quot;dynamicquot; (recognition with amortization over a long period) and (4) quot;actuarialquot; (recognition without amortization but with impairment if necessary). We contribute several new features to the existing literature on goodwill: our study (1) is international and comparative, (2) spans more than a century, (3) uses the stakeholder/shareholder models to explain the evolution in goodwill treatment in the four countries studied. More precisely, it relates a balance sheet theory, which distinguishes four phases in accounting treatment for goodwill, to the shift from a stakeholder model to a shareholder model, which leads to the preference for short-term rather than long-term profit, (4) contributes to the debate on whether accounting rules simply reflect or arguably help to produce the general trend towards the shareholder model, (5) demonstrates a quot;one-wayquot; evolution of goodwill treatment in the four countries studied, towards the actuarial phase.
