[neeridge]

Cool, no worries :).

Actually, I was reading up, I read that in IFRS for SMEs, you do have amortization of goodwill, but any negative goodwill is still credited through the first set of financial statements.

Reference: https://www.iasplus.com/en/standards/other/ifrs-for-smes
Section 19 – “All goodwill must be amortised. If the entity is unable to estimate useful life, then use 10 years.”

Is this still valid?
Thank you!

[neeridge]

Hello and my apologies, it’s my first time in a long while since I looked into IFRS. I got confused with a different national accounting system where these treatments are permitted.
Secondly, thank you for your answers – in fact I got exactly what I was looking for!
Finally, I’ll take note to post questions in the right place! Thanks again!

[Author]

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