Negative Goodwill

This topic has 1 reply, 2 voices, and was last updated 15 years ago by MikeLittle.

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May 9, 2011 at 2:23 pm #48380
salu007
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- Topics: 58
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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
MikeLittle
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- Topics: 27
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Neither – you credit it in Comp Income at the first available opportunity – ie in the fin stats next prepared after acquisition
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