Search results
From an accounting perspective, goodwill is equal to the amount paid over and above the value of a company’s net assets. Goodwill is called an “intangible asset” because it’s not a physical item, and the value cannot be calculated easily.
Jun 28, 2024 · Goodwill is an intangible asset that accounts for the excess purchase price of another company. Goodwill includes proprietary or intellectual property, brand recognition, and other aspects of a...
- Marshall Hargrave
- 2 min
Oct 9, 2024 · Learn what goodwill is in accounting, how it's calculated, and its role in business, including factors that contribute to its value on financial statements.
Goodwill in accounting refers to the intangible value a company acquires when it purchases another business for more than its tangible assets are worth. It represents non-physical elements like brand reputation, customer loyalty, and intellectual property.
- 14090 Southwest Freeway, Suite 200, Sugar Land, 77478, TX
- (281) 243-2300
Jan 2, 2024 · Goodwill is an intangible asset that represents the excess value paid above the fair market value for an acquired company. Essentially, Goodwill is the premium that a company is willing to pay for another company's established business presence, customer base, brand reputation, and other intangible assets.
- Nadine Sutton
- Principal Product Manager
What is Goodwill? In accounting, goodwill is an intangible asset. The concept of goodwill comes into play when a company looking to acquire another company is willing to pay a price premium over the fair market value of the company’s net assets.
People also ask
What is accounting goodwill?
What is considered goodwill?
What is goodwill in a company's financial statements?
Is goodwill an intangible asset?
What is the value of goodwill?
Is goodwill a tangible asset?
Sep 8, 2024 · Goodwill is an intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets at the time of acquisition. It represents the excess value attributed to non-tangible factors such as brand reputation, customer relationships, intellectual property, and employee relations.