Email this article 
Hide
Show all
DEFINITIONS ATTRIBUTED TO GOODWILL IN THE ECONOMIC LITERATURE AND CONCEPTUAL DELIMITATIONS REGARDING THE WAY OF VALUATION AND EXPOSURE OF THIS PATRIMONIAL COMPONENT IN THE BALANCE SHEET
Abstract
The purpose of this paper is to provide an exhaustive perspective on the evolution over time of the definition of the goodwill. The present paper is part of the research done in the doctoral thesis and we consider it very important to have a complete understanding of the concept studied to develop it further. In our demersal we used a chronological analysis and we revised definitions from the late 1800s to today.
At the same time, it is desired to clarify and analyze the concept of goodwill both from the point of view of the accounting literature and the economic practice (regarding the evaluation and exposure of this patrimonial component in the balance sheet) and to a lesser extent in the legal aspect. Definitions are given by prominent researchers of time, published in magazines and books of a high rank or offered by international accounting commissions. In our opinion, this study is beneficial to researchers in the idea that it offers a complete picture of its concept and history, being a study focusing on the international accounting of goodwill in the past, present and future.
In Romania, goodwill is treated as an asset, but does the market perceive goodwill in the same way as it sees other assets? To clarify this question, this paper first looks at the perception of the goodwill market as an asset in determining an entity's valuation.
Keywords
References
De Muri P. - La valutazione delle aziende, Incontri di formazione 2004/2005, 2005, available at: www.adactastudio.com.
Grosu V., Socoliuc M. - Discrimănări contabile privind tratarea fondului comercial, article published in the international conference â€Paradigma contabilităţii ÅŸi auditului: realităţi naÅ£ionale, tendinÅ£e regionale ÅŸi internationalâ€, ChiÈ™inău, april 2016, pp. 71-72
Tchemeni E. - L'Évaluation des Entreprises, Economica, Paris, 1993, pp. 19-21, available at: http://www.intangiblebusiness.com/store/data/files/198-Valuatin_goodwill.pdf, 2007
Bianchi Martini S. - Interpretazione del concetto avviamneto. Analizi dei principali orientamenti della dottrina italiana; Giuffre, Milano, 1996; Boisisio O. - Il valore di avviameneto, Milano, Pirola, 1964.
Zanda G. - La grande impresa. Caratteristiche sttruturali e di compartamneto, Giuffre, Milano, 1974, p. 222.
Fabris G. P. , Minestrone L.f - Vallori della marca, Franco Angeli, Milano, 2004, p.224
Mateş D., David D. et al. - Contabilitate financiară: conformă cu Directiva a IV-a a Comunităţilor Economice Europene, Edition Gutenberg Univers, Arad, 2010, pp.15-17
Pierce, A. and Brennan, N. - Principles and Practice of Group Accounts: a European Perspective, Thomson, London, 2003
Ernest&Young, IFRS 3-IAS 36, Nozioni di base e criticita, Milano, 2005, available a www.associazioneir.it/v1/en/publications/ppt/fcp.ppt.
Itami H. - Mobilizing Invisible Assets, Harvard Press, Massachusetts, 1987.
Baruch Lev. – Intangibles: Management, Mesurement, and Reporting, The Brookomgs Institution, Washington, DC, 2001
Needles B., E., Anderson Ir., Henri R., Caldwell J., C. - Principiile de bază ale contabilităţii, Issue a V-acincea, Edition ARC, 2000, p. 517
Банк Ğ’.ĞŸ., Ковалева Ğ.Ğ. Ğценка и учет деловой репутации организации. - БухгалтерÑкий учет. (МоÑква). - 2004. - â„– 4., p.40
Bucur V. - Unele aspecte ale contabilităţii fondului commercial, Analele ÅtiinÅ£ifice ale Universităţii Cooperatist-Comerciale din Moldova, Number 10 / 2012 / ISSN 1857-1239 , pp. 203-210
Taliento M. - Measuring Goodwill Rationales for a Possible Convergence betwen the Excess Profits Estimate and the Rsidual Value Approach, Journal of American Academy of Business, Cambridge, n. 10, 2001
De Minco L., Amodeo D. - Saggi di economia aziendali, Giuffre, Milano, 1942, pag. 77-81
Grosu V. - Evaluarea capitalului intelectual, Studii ÅŸi cercetări privind impactul cercetării ÅŸi inovării asupra progresului economic, volumul 4, Studii Post-Doctorale Ãn Economie- DisertaÈ›ii Post-Doctorale, Edition Academiei Române, ISBN 978-973-27-2290-9 ISBN 978-973-27-2294-7, Bucharest, 2013, p.411
Reilley R.F, Schweihs R.P. - Valuing intangible assets, Mc. Graw Hill, 1998, pp. 363-388, p. 405
Chirichiagno S, Segre V. - Formule specifiche per la determinazione dell’avviamento nei transferimenti d’azienda., available at http://www.cms-aacs.com/Formule-specifiche-per-ladeterminazione-dellavviamento-nei-trasferimenti-dazienda-01-02-2011. Rivista delle operazione Staordinari, p. 9-16
Grosu V., Hlaciuc E., Mates D., Socoliuc M. - The impact of the International Accounting Standards/ International Financial Reporting Standards (IAS/IFRS) in determining the goodwill of companies in the European Union (EU), African Journal of Business Management Vol.6 (43), 31 October 2012, pp. 10708-10721
Mateş D., Leliuc Cosmulese C., G., Anisie L. - Abordări și metode de evaluare a activelor intangibile, article published in the international conference Paradigma contabilităţii şi auditului: realităţi naţionale, tendinţe regionale şi internaţionale, 2016, issue 1 april 2016, Rep. Moldova, pag. 59-71, ISBN 978-9975-127-48-6
***Valuation Standards ANEVAR, 2015
*** International Financial Reporting Standards (IFRS) issue in1 january 2013, Part A, Fundaţia IFRS. - Ed. a 6-a, rev.- Bucureşti, Edition CECCAR, 2013;
***FASB, SFAS 142- Fondul comercial și alte active necorporale și SFAS 141- Combinări de întreprinderi, http://www.fasb.org;
This work is licensed under a Creative Commons Attribution 3.0 License.