IAS 22

  • 2 Posts
  • 1 Sections
  • 1 Types
Definitions
Acquired Goodwill
Acquired Goodwill Purchase Cost Identifiable Assets and Liabilities Positive Goodwill Financial Reporting IAS 22 IAS 36 IAS 38
Acquired Goodwill refers to the goodwill purchased when an entity is acquired, distinguishing it from internally generated goodwill. It arises when the purchase cost exceeds the fair values of the identifiable assets and liabilities.
Read more about Acquired Goodwill.
Definitions
Goodwill
Goodwill Intangible Assets Business Valuation Financial Statements Amortization IAS 22 IAS 36 IAS 38
Goodwill is an intangible asset reflecting a business's customer connections, reputation, and similar factors. It is the difference between the value of the separable net assets of a business and the total value of the business.
Read more about Goodwill.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.