Home  Journals  International Accounting  16(262) - 2013 April

Goodwill in financial statements in accordance with IFRS

Available online: 24 April 2013

Subject Heading: ON THE WAY TO THE INTERNATIONAL STANDARDS

JEL Classification: 

International experience shows the successful way to becoming a competitive economy, it is concentration of capital and production capacities, it's mutual integration. The logical consequence of these processes is the appearance of such a category as goodwill, which inevitably leads to the adaptation of the national accounting principles to the requirements of international financial reporting standards. In this article the rules of the original recognition, measurement and subsequent reporting of goodwill in accordance with IFRS (IFRS) 3 "Business Combinations" and IFRS (IAS) 36, "Impairment of assets" are analyzed. In the article comparative analysis of the methods of traditional and full goodwill and its impact on the financial statements is presented.

Keywords: business combinations, goodwill, acquisition method, non-controlling interests, impairment of goodwill, intangible assets, IFRS

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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