Download or read book Double Accounting for Goodwill written by Martin Bloom and published by Routledge. This book was released on 2013-05-13 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Goodwill, sometimes purchased but often more significantly internally generated, is the major constituent of the value of many listed companies. Accounting aims to provide users of financial statements with useful information, and more than fifty current International Financial Reporting Standards prescribe accounting disclosure requirements in minute detail. However, these Standards dismiss internally generated goodwill with a single brief provision that it is not to be brought to account at all. The impairment regime now laid down for dealing with purchased goodwill contains severe flaws, while previous methods have also been found to be unsatisfactory. This book traces the history of the goodwill accounting controversy in detail and demonstrates that it has been a prime example of an issue ‘conceived in a way that it is in principle unsolvable’. It explores the problem of recognising the importance of goodwill as a whole and finding a way of presenting meaningful information regarding it in the context of the financial statements. The author’s proposed solution builds upon research undertaken and uses a Market Capitalization Statement, based on a modification of nineteenth century ‘double accounting’ in a modern context. Examples show that the proposed Market Capitalization Statement has the potential to provide significant information not currently available form conventional financial statements, which in turn are freed to present clearer information.
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 Double Accounting for Goodwill written by Martin Bloom and published by Routledge. This book was released on 2013-05-13 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Goodwill, sometimes purchased but often more significantly internally generated, is the major constituent of the value of many listed companies. Accounting aims to provide users of financial statements with useful information, and more than fifty current International Financial Reporting Standards prescribe accounting disclosure requirements in minute detail. However, these Standards dismiss internally generated goodwill with a single brief provision that it is not to be brought to account at all. The impairment regime now laid down for dealing with purchased goodwill contains severe flaws, while previous methods have also been found to be unsatisfactory. This book traces the history of the goodwill accounting controversy in detail and demonstrates that it has been a prime example of an issue ‘conceived in a way that it is in principle unsolvable’. It explores the problem of recognising the importance of goodwill as a whole and finding a way of presenting meaningful information regarding it in the context of the financial statements. The author’s proposed solution builds upon research undertaken and uses a Market Capitalization Statement, based on a modification of nineteenth century ‘double accounting’ in a modern context. Examples show that the proposed Market Capitalization Statement has the potential to provide significant information not currently available form conventional financial statements, which in turn are freed to present clearer information.
Download or read book Accounting for Goodwill and Other Intangible Assets written by Ervin L. Black and published by John Wiley & Sons. This book was released on 2018-10-09 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Concepts, methods, and issues in calculating the fair value of intangibles Accounting for Goodwill and Other Intangible Assets is a guide to one of the most challenging aspects of business valuation. Not only must executives and valuation professionals understand the complicated set of rules and practices that pertain to intangibles, they must also be able to recognize when to apply them. Inside, readers will find these many complexities clarified. Additionally, this book assists professionals in overcoming the difficulties of intangible asset accounting, such as the lack of market quotes and the conflicts among various valuation methodologies. Even the rarest and most problematic situations are treated in detail in Accounting for Goodwill and Other Intangible Assets. For example, the authors analyze principles for identifying finite intangible assets and appropriately accounting for amortization expenses or impairment losses. Using the information in this book, the results of these calculations can also be reported with precision on financial statements. These topics are especially important for ensuring the success of any asset acquisition or business combination. In these special cases, the utmost accuracy is essential. This book provides: Rules for identifying and recognizing intangible assets in business combinations and asset acquisitions Guidance on the accurate valuation and carrying amount calculation of acquired and self-created intangibles Tips for overcoming the challenges unique to intangible assets, including impairment testing Clear instructions for disclosing intangible assets, goodwill, and amortization expenses Accounting for Goodwill and Other Intangible Assets is an indispensable reference for valuation students and specialists. Ervin L. Black and Mark L. Zyla provide thorough instructions for understanding, accounting for, and reporting this challenging asset class.
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 Accounting for Goodwill written by Australian Accounting Standards Board and published by . This book was released on 1996 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting for Goodwill in Business Combinations written by Stephen A. Wolfe and published by . This book was released on 1969 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Accounting for Goodwill written by A. Russell and published by . This book was released on 1989 with total page 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 1921 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Goodwill and Other Intangibles written by Ju Mei Yang and published by . This book was released on 1927 with total page 258 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 Accounting for Goodwill written by George Thomas Walker and published by . This book was released on 1936 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting for Goodwill written by George R. Catlett and published by . This book was released on 1968 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting for Goodwill written by Keith H. Irlbeck and published by . This book was released on 1967 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting Significance of Goodwill in Business Combinations written by Ronald L. Neppl and published by . This book was released on 1969 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting for goodwill by G R Catlett and N O Olson written by George R. Catlett and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
