Accounting Treatment of Goodwill in IFRS and US GAAP

• Authors: Mateja Jerman , Massimo Manzin
• Languages of publication: EN

Abstracts

EN

The article presents an overview of the new accounting treatment of goodwill regarding International Financial Reporting Standards and American Generally Accepted Accounting Principles. Goodwill acquired through a business combination is no longer amortized but tested for impairment. Despite the fact that the objective of the new International Financial Accounting Standard has been to move towards international convergence; significant differences between standards still exist. The article presents the main changes of the regulation in the last years and the key differences between the two accounting treatments. In spite of the new accounting approach there are still lots of discussions, which indicate that the field is still not properly regulated. Finally, the article offers possible directions for future research and reporting practice.

Keywords

EN

goodwill treatment; impairment of goodwill; intangible assets

SL

računovodenje dobrega imena; oslabitve dobrega imena; neopredmetena sredstva

• Publisher: Sciendo
• Journal: Organizacija
• Year: 2008
• Volume: 41
• Issue: 6
• Pages: 218-225

Dates

published

2008-11-01

online

2009-02-23

Contributors

author

Mateja Jerman

• Faculty of Management, University of Primorska, Cankarjeva 5, 6000 Koper, Slovenia

author

Massimo Manzin

• Faculty of Management, University of Primorska, Cankarjeva 5, 6000 Koper, Slovenia

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Identifiers

DOI

10.2478/v10051-008-0023-5