goodwill

An intangible asset reflecting a business's customer connections, reputation, and similar factors. It can be valued as the difference between the value of the separable net assets of a business and the total value of the business. Purchased goodwill is the difference between the fair value of the price paid for a business and the aggregate of the fair values of its separable net assets. It may be written off to reserves or recognized as an intangible asset in the balance sheet and written off by amortization to the profit and loss account over its useful economic life. Internally generated or inherent goodwill should not be recognized in the financial statements of an organization. The treatment of goodwill is governed by Financial Reporting Standard 10. The relevant International Accounting Standards are IAS 22, Business Combinations; IAS 36, Impairment of Assets; and IAS 38, Intangible Assets.

Accounting dictionary. 2014.

Look at other dictionaries:

  • Goodwill — Goodwill …   Deutsch Wörterbuch

  • goodwill — good·will / gu̇d ˌwil/ n 1: an intangible asset that is made up of the favor or prestige which a business has acquired beyond the mere value of what it sells due to the personality or experience of those conducting it, their reputation for skill… …   Law dictionary

  • Goodwill — may refer to: * Good Will (philosophy), is a term referring to making correct decisions in reference to other people * Goodwill Zwelithini kaBhekuzulu, the reigning Zulu King since 1971 * Goodwill (accounting), the value of a business entity not… …   Wikipedia

  • goodwill — ● goodwill nom masculin (anglais goodwill, biens incorporels) Capacité supplémentaire de bénéfices d une firme par rapport à ses concurrents du fait de sa notoriété, de sa position sur le marché, etc. ● goodwill (synonymes) nom masculin (anglais… …   Encyclopédie Universelle

  • goodwill — That value attributed to a business that is not tangible, but arises from the reputation, expertise, service or some other intangible that attaches to the business and makes it have more worth than just the value of its assets. (Dictionary of… …   Glossary of Bankruptcy

  • Goodwill — 1) добрая воля 2) доброжелательность 3) ценность фирмы, определяющаяся ее клиентурой 4) престиж фирмы 5) передача прав на фирму и ее деловые связи (при продаже торгового предприятия) Словарь бизнес терминов. Академик.ру. 2001 …   Словарь бизнес-терминов

  • goodwill — *friendship, amity, comity Antonyms: animosity …   New Dictionary of Synonyms

  • goodwill — ► NOUN 1) friendly or helpful feelings or attitude. 2) the established reputation of a business regarded as a quantifiable asset …   English terms dictionary

  • goodwill — [good′wil′] n. 1. a friendly or kindly attitude; benevolence 2. cheerful consent; willingness 3. Accounting an intangible asset which takes into account the value added to a business firm as a result of patronage, reputation, etc.: Also good will …   English World dictionary

  • Goodwill — Le goodwill (appelé aussi survaleur[1] ou écart d acquisition) est la différence entre l actif du bilan d une entreprise et la somme de son capital immatériel et matériel valorisée à la valeur de marché. Le goodwill est plus précisément un écart… …   Wikipédia en Français

  • goodwill — the excess price asked for the sale of a business over the value of its physical assets; an intangible asset, the price of which represents a payment for the existing client base and future profits. Glossary of Business Terms Excess of purchase… …   Financial and business terms

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