Репутацията като обект на счетоводството: признаване, оценяване, оповестяване

Goodwill as an accounting object: initial recognition, measurement, disclosure

Atanas Atanasov ()

MPRA Paper from University Library of Munich, Germany

Abstract: Goodwill has been a central topic in accounting for many years. It has always been the subject of many discussions and thus has given the whole face of business combinations. The debate about its essence, which began in the publications of the authors of the late 19th century, goes through its normative regulation and continues to its full force today. In this book the author has performed a critical review of the theoretical aspects of goodwill and development of its normative regulation. The main differences in the views of different researchers on the goodwill are outlined and the author's definition of the reputation category is presented as a result. There was made also a periodization in the development of the concept of reputation as a reporting entity. The financial statements of Bulgarian public companies participating in the formation of the BGBX 40 index have been examined and on that basis, guidance on how to improve its reporting, presentation and disclosure has been given. As a result of the research, it is concluded that the existing rules set out in the IAS / IFRS, on the one hand, are related to the implementation of overly complex procedures in their practical implementation and, on the other hand, allow for a relatively high level of subjectivity of the management of the enterprises in the evaluation of goodwill. The weaknesses identified with regard to goodwill in the financial statements are grounds for arguing that there is a need to change the subsequent reporting regime of goodwill. Specific suggestions to improve disclosures have been formulated and exemplary disclosure models have been developed under the current reporting regime in the applicable IAS / IFRS. They aim to improve the quality characteristics and increase the information value for the users of the financial statements.

Keywords: Goodwill accounting; valuation; disclosure; theoretical development (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2019-11
New Economics Papers: this item is included in nep-acc
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