Companies are required under generally accepted accounting principles (GAAP) and the International Financial Reporting Standards (IFRS) to evaluate the value of goodwill on their financial ...

In accounting, goodwill is accrued when an entity pays more for an asset than its fair value, based on the company’s brand, client base, or other factors. In 2001, a legal decision prohibited ...

This book traces the history of the goodwill accounting controversy in detail. The book explores the problem of recognizing the importance of goodwill as a whole and finding a way of presenting ...

In accounting terminology, goodwill is an intangible asset, like intellectual capital, accrued when a business is acquired for a price greater than its net value (its assets minus its liabilities).

meaning UPS would be required to report a goodwill impairment of nearly $500 million, the SEC said. The company instead relied on a consultant’s valuation of the business in its accounting ...