Goodwill in the accounting system: components and classification
Journal Title: Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu - Year 2016, Vol 2, Issue
Abstract
Goodwill as the specific intangible asset of the company is considered. The necessity of indication of goodwill in the accounting system is grounded. The role of individual elements of goodwill in the structure of assets is showed. Thoughts of scientists about the structural components of goodwill and their role in accounting are overviewed. The structure of the goodwill is investigated and the competitive advantages that exist for continuing of the enterprise are identified. The conditions for accounting of assets during the all activities of the company based on the generalization of the elements of goodwill are created. The basic elements of goodwill are identified: intellectual capital, business relationships and brand. The practical importance of the identifying of structural elements of goodwill is argued, that, on the one hand, provides the ability to uncover the methodological aspects of reflected it in the accounting system, and, the other hand, to develop the mechanisms of strategic management of the intangible asset. The necessity of systematization of the kinds of goodwill in order to form analytical information to user needs is identified. The comparative analysis of negative goodwill in the international accounting is considered. Types of goodwill according to the source of origin based on the analysis of the legal framework of accounting are defined. We have described our position that the current stage of intangible assets in accounting system is characterized by the development of economies relations which directly affect on the status and prospects of national accounting. The classification of goodwill in accordance with accounting requirements is offered. The priority classification features are singled: by the source of origin, by the origin, by the qualitative assessment, by subject, by interdisciplinary basis. The indication of goodwill components in accounting is necessary organizational and economic conditions for the formation of competitive advantages of enterprise, improve its profitability and investment attractiveness.
Authors and Affiliations
Yuliya Sudyn
Keywords
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