Textbook
Accounting for Goodwill: An Accounting Research Study No.10
The concept of business goodwill value has existed for a long time and much has been written on the subject. However, the proper accounting for goodwill remains one of the ost controversial issues in the field of accounting. The principal problem of accounting for goodwill relates to the broader problem of accounting for business combinations. In making this study, we have endeavored to seeksolutions to the problems of accounting for goodwill and business combinations which are in accord with the objectives of financial statements and which are as consistent as possible with existing conventions and concepts used in accounting to meet those objectives.
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