What is Negative goodwill and its accounting treatment?
i-ask! | Have a question? Ask Tutor! What is negative goodwill and under what circumstances negative goodwill arises. Also explain how negative goodwill is treated in the books of accounts of the...
View ArticleWhat is Grouping and Marshalling in financial statements?
i-ask! | Have a question? Ask Tutor! What is meant by grouping and marshalling in final accounts especially statement of financial position also known as balance sheet. What is its purpose and what is...
View ArticleWhy amortisation of goodwill is not permissible?
i-ask! | Have a question? Ask Tutor! Why amortization of goodwill is prohibited under international accounting standards IASs, IFRSs and that is not permissible even under US GAAPs. Why it has to be...
View ArticleHow Goodwill is an asset?
i-ask! | Have a question? Ask Tutor! I wonder that if goodwill has no physical existence and even unidentifiable then why is it even recognized as an asset? I am just curious about goodwill’s status...
View ArticleWhy impairment of goodwill is not reversed?
i-ask! | Have a question? Ask Tutor! When impairment on intangible asset is permitted under accounting standards then what is the reason impairment on goodwill cannot be reversed? Why such reversal is...
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