Goodwill and contingent assets/liabilties

This topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.

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November 5, 2022 at 11:05 am #670708
sjustin
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In calculating goodwill how would deal with a legal claim against a subsidiary which is regarded as possible?

I’m quite confused on this question, is it meaning that it should be in your goodwill calculation ?
November 5, 2022 at 11:50 am #670710
Stephen Widberg
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Yes – recognise all liabilities, no matter how remote, at fair value.

IFRS 3 rules on contingencies are completely different to IAS 37.

You may find it useful to watch our lectures on this again.
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