The Goodwill Issue in the Consolidation Accounting
During the 1980s and 2000s a great number of business mergers and acquisitions took place, especially happened in telecommunications, defense, banking and financial service, health care, and entertainment. Many companies would like to operate companies they acquired as separate legal entities rather than a whole company. However, from a financial reporting point of view, statement users want to see the entire economic entitys financial statement result. Accounting principles require consolidated financial statements when a parent company owns more than 50％ of a Subsidiary company. Consolidated statements are basically used to present for the benefit of the shareholders, creditors and other resource providers of the parent. It is first necessary to obtain a conceptual understanding of goodwill in order to understand its composition, and measurement is then a separate issue. Goodwill is not simply a residual, the difference between an amount paid and something acquired.
Goodwill Issues Consolidation Financial accounting statement Accounting
GUO Qin
School of Economics & Management, Beijing Jiaotong University, P.R.China, 100044
国际会议
2009 International Conference on Growth of Firm and Management Innovation(2009企业成长与管理创新国际学术会议)
北京
英文
197-202
2009-09-01（万方平台首次上网日期，不代表论文的发表时间）