Theoretical and methodological principles for accounting reflecton of goodwill: dialectics of development and directions of improvement
Date
2021-03-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Видавництво Львівської політехніки
Lviv Politechnic Publishing House
Lviv Politechnic Publishing House
Abstract
The rapid development of market
relations, Ukraine's integration into the world economic
space, encourage companies, in order to achieve
competitive advantages, to explore new ways of
capitalization. At the same time, the operations of
purchase, sale, merger or acquisition of companies, the
value of which directly depends on intellectual capital,
are becoming more common. The difference in the
assessment of market and book value of intellectual
capital leads to a special economic and accounting
category – goodwill.Despite the prospects of using such
a component of assets as goodwill, today there are still a
number of theoretical and practical problems, for
example: problem of unambiguous understanding
and interpretation of the essence of goodwill, methods
of its valuation, and the practice of reflecting it in
accounting and reporting by domestic enterprises.
The study addresses issues related to establishing
the nature of goodwill, its content as an intangible
economic resource of the enterprise and the component
of the value of capital and the problem object of
accounting.The purpose of the work is to reveal the
economic essence of goodwill as an object of
accounting, to conduct a critical analysis of the current
standardization of goodwill accounting, to generalize
and systematize of existing problems in the formation of
accounting information about this object. The task of
this study is to formulate separate proposals for
improving methodological approaches to accounting for
goodwill, which are obtained on the basis of examined
legislative and research sources of information. The
scientific novelty lies in the substantiation of the
accounting category of goodwill as a subjective value
and an objectively existing resource, which should be
actually reflected in accounting and reporting.
Description
Keywords
accounting, enterprise, goodwill, internally generated goodwill, intangible assets, capital, business value
Citation
Lemishovska O. Theoretical and methodological principles for accounting reflecton of goodwill: dialectics of development and directions of improvement / O. Lemishovska, I. Mazur // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2021. — Vol 8. — No 1. — P. 59–68.