Negative GoodwillForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Negative GoodwillThis topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts May 9, 2011 at 2:23 pm #48380 salu007MemberTopics: 58Replies: 32☆☆Hi Sir,I just wanted to ask if the rules in IFRS3 for Negative Goodwill the same as that previous Accounting Standard on Business Combinations and do we deduct it from the Assets or Net assets.Regards May 15, 2011 at 4:41 pm #81582 MikeLittleKeymasterTopics: 27Replies: 23200☆☆☆☆☆Neither – you credit it in Comp Income at the first available opportunity – ie in the fin stats next prepared after acquisitionAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In