Define: Acquired Goodwill

UK Accounting Glossary

Definition: Acquired Goodwill

What is the dictionary definition of Acquired Goodwill?

Dictionary Definition

This refers to goodwill acquired when an business entity is purchased as opposed to that which has been internally generated.

Positive goodwill arises where the purchase cost exceeds the aggregate fair values of the identifiable assets and/or liabilities.



Full Definition of Acquired Goodwill

Further details about Acquired Goodwill are provided within Section 19 of the Financial Reporting Standard Applicable in the UK and Republic Of Ireland. The appropriate International Accounting Standards are IAS22, IAS36 and IAS38.


Acquired Goodwill FAQ's

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Acquired Goodwill. Payroll & Accounting Heaven Ltd. January 18, 2020
Chicago Manual of Style (CMS):
Acquired Goodwill. Payroll & Accounting Heaven Ltd. (accessed: January 18, 2020).
American Psychological Association (APA):
Acquired Goodwill. Retrieved January 18, 2020, from website:

Definition Sources

Definitions for Acquired Goodwill are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th January 2019.