Is Goodwill an Asset?

L. Todd Johnson; Kimberley R. Petrone

doi:10.2308/ah-1114553

September 1, 1998Accounting Horizons

Is Goodwill an Asset?

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Key Points

This piece examines the nature of goodwill as an asset, exploring its components and definitions.
Review of accounting standards related to goodwill
Analysis of components that constitute goodwill
Discussion on the controllability of goodwill as an asset
Goodwill is highlighted as a significant, although often misunderstood, asset in accounting.
The components of goodwill are defined, providing clarity on its valuation.
Controllability of goodwill is discussed, emphasizing challenges in managing this intangible asset.

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Implication

Opinion analysis defines goodwill and evaluates its role as an asset, indicating its components and controllability.

Abstract

Opinion. Cites accounting standards developed for goodwill. Evaluation of goodwill's role as an asset; Definition of goodwill; Analysis of goodwill's components; Controllability of assets.

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Johnson et al. (1998) studied this question.

synapsesocial.com/papers/6a2f9866a1cfeec490829650 https://doi.org/10.2308/ah-1114553

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Is Goodwill an Asset?

Key Points

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Implication

Abstract

Discussion

Cite This Study

Is Goodwill an Asset?

Key Points

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Implication

Abstract

Discussion

Cite This Study

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