Goodwill: a problem that will not go away
Article Abstract:
Accounting for goodwill has become a significant problem for companies and regulators considering its increasing importance in corporate financial reports. The goodwill problem was examined by Arnold, Egginton, Kirkham Macve and Peasnell. The study showed goodwill to consist of three elements: the fair value of intangible assets, the current value of anything gained from market imperfections and jointness of activities, and over or under-payment. Included in the recommendations of the study was the treatment of intangibles as assets under certain conditions, the writing off of over-payments against profits and the transfer of underpayments to reserves. The study warned against the writing off of any part of the goodwill against reserves. The study's other recommendations are discussed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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The research board in the scheme of things
Article Abstract:
Paul Barnes has criticized the Institute of Chartered Accountants in England and Wales's Research Board for giving low ratings to UK university accounting departments. Barnes argued that the Board only is interested in promoting research with commercial or institutional benefits and not academic research. However, Barnes is wrong because the Research Board has made extensive grants to university accounting departments; the departments received 255,000 pounds sterling out of the 333,000 pounds sterling the Board committed to external projects in 1988 and 1989. In addition, in 1989, the Board: committed itself to 18 academic projects; published 12 academic research books and papers; and supported academic conferences.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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The Research Board's role: the profession's debt
Article Abstract:
The Research Board of the Institute of Chartered Accountants in England and Wales has two main objectives: to oversee research projects of relevance to professional accountants, and to establish connections between academic research and technical expertise. The strategies employed by the Research Board to meet these objectives include sponsorship of research, sponsorship of conferences, publishing research results, and contacting academic accounting departments.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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