Home  Journals  International Accounting  34(280) - 2013 September

Goodwill as projection of synergistic effect of its activities for financial reporting

Available online: 15 September 2013

Subject Heading: PROBLEMS OF ACCOUNT

JEL Classification: 

The article describes the genesis of the concept of "goodwill" and evolution of views of its economic essence, and also recognition and an assessment in accounting and financial reporting is considered. The author from positions of system approach considered the company as open system and the hypothesis that goodwill is a cost assessment of synergetic effect of activity of the company is made, thus the economic essence of the acquired and internally created goodwill is identical, and their division in the account is artificial.

Keywords: goodwill, synergetic effect, financial reporting

View all articles of issue

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

Journal current issue

Vol. 27, Iss. 5 May 2024

Archive