Accounting for Goodwill
By
© ۱۹۹۵ Venkatesan Sundararajan
Abstract
Goodwill is an intangible asset, probably the most intangible of all intangible assets, hard to measure and even more difficult to account for. Goodwill today constitutes a much larger part of acquisition prices than it did previously, resulting in a much greater impact on financial statements.
In this paper, a search of literature dealing with the various methods of measuring goodwill, its definition and methods of accounting for it has been carried out.
Key words and phrases: Accounting methods, Amortization, Business combination, Capitalization, Financial statement, Goodwill, Intangible assets.