Abstract Goodwill is an unidentifiable intangible asset that has always been a debatable issue when it arrives during financial reporting. The reason being that it is dependable on various factors, which are of a variable nature, for its value determination. Nevertheless, it is an important asset that can not be neglected and has to be accounted for properly for realistic financial statements. Other than that, it plays an extremely crucial role in giving a competitive …showed first 75 words of 1610 total…

…showed last 75 words of 1610 total…Stanley, P., 2000, How to read and understand Balance sheets and Financial reports in the new millennium, New edition, Brown Prior Anderson, Australia. Net Resources 1 http://www.mhhe.com/business/accounting/spiceland/courseresources/ec-goodwill.html 2http://www.themanagementor.com/EnlightenmentorAreas/Finance/contentF_AccGoodwill.asp 3 http://home.att.net/~s-prasad/GW.htm 4 http://www.acca.co.uk/resources/publications/students_newsletter/2000/04_00p76.html 5 http://www.mscpaonline.org/lounge/goodwill.htm 6 http://www.nysscpa.org/cpajournal/old/14152806.htm