Define: Acquired Goodwill

UK Accounting Glossary

Definition: Acquired Goodwill


Quick Summary 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.


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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.

 


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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.


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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
https://payrollheaven.com/define/acquired-goodwill/
Modern Language Association (MLA):
Acquired Goodwill. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 13, 2019 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: November 13, 2019).
American Psychological Association (APA):
Acquired Goodwill. PayrollHeaven.com. Retrieved November 13, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/acquired-goodwill/

Definition Sources


Definitions for Acquired Goodwill are sourced/syndicated from:


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