Journal of Accounting and Management Information Systems (JAMIS)

Single or multiple treatments regarding goodwill

7/2004 ,   p102..119

Camelia Iuliana LUNGU

Keywords:   goodwill, depreciation, fair value of assets and liabilities, minority interests

Discussed through the financial reporting, the goodwill might be recognized only as a result of a business combination. In accordance with IAS 22 Business combination, goodwill is recognized by the acquirer as an asset from the acquisition date and is initially measured as the excess of the cost of the business combination over the acquirer's share of the net fair values of the acquiree's identifiable assets, liabilities and contingent liabilities. Within this article we debated the continuous changes in definitions, classification, recognition, and valuation of goodwill. And we our arguments by the case studies implied by the accounting treatments within the standard regarding the different stages of valuation for goodwill.