Negative Goodwill treatment?

The Magician

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.

uknitty

Negative Goodwill is charged to the Income statement

The Magician

Thanks for your reply, but under which heading in the CSOCI?

uknitty

If it is charged to the income statement then it will adjust the retained earnings figure.