Negative Goodwill treatment?
The Magician
Registered Posts: 96 Epic contributor 🐘
I'm not sure if this will come up, but what is the detailed accounting treatment for negative purchased goodwill, please?
I assume it will go under intangible non current assets as a negative figure in the CSOFP, but where does the negative amount go in the CSOCI?
Is it added to admin expenses? or a loss on discontinued operations? or something else?
Thanks very much.
I assume it will go under intangible non current assets as a negative figure in the CSOFP, but where does the negative amount go in the CSOCI?
Is it added to admin expenses? or a loss on discontinued operations? or something else?
Thanks very much.
0
Comments
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Negative Goodwill is charged to the Income statement0
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Thanks for your reply, but under which heading in the CSOCI?0
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If it is charged to the income statement then it will adjust the retained earnings figure.0
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