<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></abstract>

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.

Accounting Treatment of Goodwill in IFRS and US GAAP

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

Organizacija

{"article-title":"Accounting Treatment of Goodwill in IFRS and US GAAP"}

The article presents an overview of the new accounting treatment of goodwill regarding International Financial Reporting Standards and American Generally...

Accounting Treatment of Goodwill in IFRS and US GAAP

Publié en ligne: 23 févr. 2009

Pages: 218 - 225

DOI: https://doi.org/10.2478/v10051-008-0023-5

Mots clés
računovodenje dobrega imena, oslabitve dobrega imena, neopredmetena sredstva

This content is open access.

Accounting Treatment of Goodwill in IFRS and US GAAP

Publié en ligne: 23 févr. 2009

Pages: 218 - 225

DOI: https://doi.org/10.2478/v10051-008-0023-5

Mots clésračunovodenje dobrega imena, oslabitve dobrega imena, neopredmetena sredstva

This content is open access.

Mots clés
računovodenje dobrega imena, oslabitve dobrega imena, neopredmetena sredstva