Acquired Goodwill

Business, Legal & 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.


Cite Term


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https://payrollheaven.com/define/acquired-goodwill/
Modern Language Association (MLA):
Acquired Goodwill. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 28, 2021 https://payrollheaven.com/define/acquired-goodwill/.
Chicago Manual of Style (CMS):
Acquired Goodwill. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/acquired-goodwill/ (accessed: September 28, 2021).
American Psychological Association (APA):
Acquired Goodwill. PayrollHeaven.com. Retrieved September 28, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/acquired-goodwill/

Definition Sources


Definitions for Acquired Goodwill are sourced/syndicated and enhanced 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 | 1 Views.