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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › internally generated assets
sir how is internally generated goodwill, brands treated in financial statements? does it come in preparing our financial statements?
Not recognised! Only recognise goodwill acquired on acquisition of a subsidiary. Brands too, but brands may also be acquired as a separate purchase and not as a result of a subsidiary acquisition
Ok?
ok sir.. thank you
You’re welcome