CHECK THESE SAMPLES OF How to Calculate Goodwill under IFRS and GAAP
The research will be focusing on a few areas of the financial statements in the analysis of this company we.... These areas include: property plant and equipment, intangible assets, current liabilities, long term liabilities and capital leases.... .... ... ... For the purpose of this paper, the organization of Alcatel-Lucent Enterprise has been chosen....
7 Pages
(1750 words)
Research Paper
The paper "Differences between ifrs and AAIOFI Standards" asserts that the economic, legal and social differences between the Islamic banking systems and the conventional banking system results in the formation and development of two different standards catering to two different needs.... It has also been reported that many countries have started replacing their national gaap with IFRSs in their domestic companies in comparison with the other nations which are adopting policies to approve IFRSs either verbatim or in an exact manner as their national standards....
13 Pages
(3250 words)
Term Paper
Other factors to care of during business combination include pre-acquisition contingencies treatment, interaction of accounting standards between the acquirer and the acquired, treatment of intangible assets (including goodwill), treatment of risk management, proper disclosures under accounting policies, treatment of...
7 Pages
(1750 words)
Research Paper
Under the US gaap, the fair value of Goodwill is calculated by allocating fair values to unit assets and liabilities.... The International Accounting Standards also followed the footsteps of the US gaap concept.... It requires an impairment test to be carried out just like in the case of US gaap & International Accounting Standards on an annual basis or as and when required.... nder the new ifrs, the concept of purchase accounting has been adopted, unlike the former system where Goodwill used to get amortized....
2 Pages
(500 words)
Essay
Effect of ifrs on the companies and economy: All listed companies have published the consolidated financial statements in accordance with ifrs.... Even some non listing companies also have applied for ifrs.... Effect of ifrs on the companies and economy: All listed companies have published the consolidated financial statements in accordance with ifrs.... Even some non listing companies also have applied for ifrs....
9 Pages
(2250 words)
Essay
The concept of 'goodwill' was first introduced by Financial Accounting Standards Board (FASB) in June 2001 with the help of statements of Financial Accounting Standards (141 and 142) under the rules and regulations of Generally Accepted Accounting Principles (gaap) of the United States (i.... US gaap) (Wiese, 2005).... under the regulation, the goodwill will not be amortized rather it will be tested on at annual basis for impairment.... "How Is goodwill Impairment Driven by Relative Firm Performance" paper aims at deciphering the relationship that is developed by Vichitsarawong concerning goodwill impairment; however, in this research, emphasis has been given to European realities in Germany....
12 Pages
(3000 words)
Research Proposal
Generally Accepted Accounting Principles or US gaap.... The study 'Accounting for Acquisitions' highlighted several deficiencies in the various companies' accounting for acquisitions in comparison with the relevant provisions of the 2004 version of ifrs 3.... These findings may have several implications or effects on the implementation of ifrs 3 itself.... The purpose of the study was for FRC to perform a review of International Financial Reporting Standards (ifrs) 3 (revised) on Business Combinations after its application and to submit feedback to the International Accounting Standards Board (IASB)....
8 Pages
(2000 words)
Assignment
Moreover, both the ifrs and gaap entail the recognition of impairment loss assets and the writing down of the impaired asset.... Background of goodwill impairment before and after the introduction of ifrs and some ideas that the IASB can use to improve the standard will be highlighted.... ifrs and GAAPs have some similarities in how they treat goodwill though they also differ in various ways.... Before the introduction of ifrs, the treatment of goodwill by businesses followed the Generally Accepted Accounting Principles (GAAPs)....
9 Pages
(2250 words)
