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