An intangible asset which provides a competitive advantage, such as a strong...
The going-concern value of a company in excess of its asset value; goodwill is considered an intangible asset. Generally, it is the value of the business' good name, its customer relations, high employee morale, and other factors that might translate into earning power. Nasdaq's calculation of net tangible asset value excludes goodwill. (See going-concern value)
Discounted value of a larger-than-normal return on tangible assets. A business may build goodwill over time as customers become loyal to the company's products.
An intangible asset that exists when a business is valued at more than the fair market value of its net assets, usually due to strategic location, reputation, good customer relations, or similar factors; equal to the excess of the purchase price over the fair market value of the net assets purchased.
Goodwill is the difference between the acquisition cost of a company and its balance sheet value, which reflects the historical cost of the net assets. It arises when a new company is incorporated into an existing group's balance sheet. It is most significant in industries that are not assets-based, particularly service businesses. Goodwill is included in the balance sheet as an intangible asset and is usually amortised, over a set time period.
Goodwill arises when a company buys another business at a price greater than the book value.... more on: Goodwill
An intangible asset that represents the value that a firm's business reputation adds to its book value.
An amount that represents the excess paid for a company, its shares, or other assets over its net asset value.
The value of a business over and above its book value of assets, which represents the goodwill of customers or the skill and expertise of company employees.
An intangible asset representing the difference between the price paid for acquisition of a company and book value of its net assets.
Goodwill is the difference between the buying price of a company and the net value of the subsidiary after reevaluation.
The advantage stemming from the reputation and trade connections of a business.(FR:Fonds de commerce (goodwill), IT:Ammortamento)
The future benefits from unidentifiable assets which are carried as intangible assets of an entity. Goodwill reflect the entity's ability to earn more than a normal rate of return on its physical assets. Goodwill can arise from a number of causes. It is usually recognised in the accounts only when it is acquired through specific purchase. In this situation, it is calculated as the excess of cost of the acquired entity over the current or fair market value of the net tangible assets acquired.
The most important of intangible assets is the excess over fair market value paid for an asset. It is usually the result of a merger or acquisition, and according to recent accounting changes must be tested every year for impairment in value. (example: the merger of Time Warner and AOL created billions of dollars of goodwill to be reflected in the books of the newly formed company. However, the company has had to write down the value of its goodwill to reflect the diminish value of those assets)
The difference between the total value of a business and the value of its net assets in its balance sheet. It represents the ability of the business to generate profits and cash in the future.
The intangible benefit of having a good business reputation, name and customer base it produces.
the value to an established firm of its loyal customers, skilled staff and management; the value of a firm above its net asset value.
The value of a business in excess of its book value. The reputation earned by a business for delivering excellent goods and services, thereby creating more business and a higher value than one would expect in a newly established business.
A sum representing the difference between the price paid for a business and the value of its identifiable assets less liabilities at the time of purchase.
The value of a company that a purchaser would be prepared to pay above its net asset value.
An intangible asset that provides a competitive advantage; often relates to perception such as brand, reputation or morale.
Any excess of the cost of the acquisition over the acquirer's interest in the fair value of the identifiable assets and liabilities acquired as at the date of the exchange transaction.
Goodwill is a long-term asset categorized as an intangible asset. Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets obtained in the purchase. The amount in the Goodwill account will be adjusted to a smaller amount if there is an impairment in the value of the acquired company as of a balance sheet date. To Top
The element in the value of a business over and above its tangible assets. It includes the business's reputation and contacts. See also intellectual property.
Additional asset created when the purchase price exceeds the book value of the asset which is written off as an expense, typically over a 40-year period, and may skew reported earnings.
An intangible value of a business based on the business's ability to provide customers with the services and goods they want, willingness to stand behind products and warranties, and the reputation of the product or the business.
A financial value, being the difference between the company's value as "a going concern" and the fair value of its individual assets as recorded on the balance sheet.
Difference between the price paid for a company and its net assets (assets minus debts). It appears in consolidated accounts as an intangible asset.
An intangible and often major business asset that generally includes such things as the reputations of the owners, the number of satisfied clients, customers, patients, and the continuing influx of new business.
Goodwill is an intangible asset which appears on the balance sheet of newly purchased companies. It is the difference between the amount that a company pays for an investment and its book value. Goodwill payments may be due to the business being in a favorable location, its reputation in the community, or the quality of its employer and employees. The evidence that goodwill exists is the proven ability to earn excess profits.
Intangible asset, such as the value of a company's brand or reputation. Goodwill is also the price paid by a company to acquire another company that exceeds the value of the acquired company's assets. Goodwill arising from an acquisition under the purchase method of accounting is shown on the acquiring company's balance sheet and, in most countries, is amortized over an extended period of time, typically in the range of 20 to 30 years. Goodwill from an acquisition in the banking industry must be deducted in full immediately from Tier I capital (core capital) for capital adequacy purposes.
An intangible asset that adds value to a company's worth, for example, the reputation of its products, services, or personnel. Goodwill is charged to earnings on a straight-line basis over the periods estimated to be benefited, generally not exceeding five years. IBM conducts reviews periodically to evaluate recoverability of this goodwill. Listed in the assets category (sometimes as "Investments and sundry assets") on the statement of financial position.
The excess of the cost of a group of assets (usually a business) over the fair market value of the net assets if purchased individually.
When a business is sold, goodwill represents the difference between the purchase price and the value of the net assets.
An intangible saleable Asset, such as reputation or location of a business, which makes the business worth more to a buyer than the Book Value. Goodwill may be listed on a Balance Sheet as an asset. Some define it as the difference between Market Value and Book Value.
The difference between the value of a company as a whole and the value of its separable net assets.
The price paid for a company in excess of the value of its tangible assets, patents, and trademarks. If you paid $200,000 for a business wherein the building and machines were the only assets and were worth $150,000, the remaining $50,000 would be "goodwill." It represents, in theory, the intangible value the business accumulated by its relationships with customers, etc. Goodwill is amortized as an expense over a period of years, not to exceed 40.
(accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)
Reputation for a product or service standard. A company's value over and above the physical property and accounts receivables.
The acquisition cost of a company reflects what the business is worth. The balance sheet value of the company reflects the historical cost of the net assets. Goodwill is the difference between the two and it arises when new companies are incorporated into an existing group's balance sheet. It will be most significant in industries which are not assets-based, particularly service businesses. Goodwill will be of much less significance to property companies. Goodwill is included in the balance sheet as an intangible asset and is usually amortised.
The amount by which the price paid for a company exceeds the companys Adjusted Book Value of the underlying tangible assets and liabilities. Goodwill is a result of name, reputation, customer loyalty, location, products and net income.
The amount paid for an existing business beyond the value of its other assets.
Power of an established business to earn extra profits; it is an intangible asset the value of which is related to the advantage of an established business with respect to market position and/or know-how and organisation. . Hedge Is the act of protecting a position. Hedges can be either Long or Short. Hedges are often done with derivative products. . Interest rate risk Degree to which fluctuations in long and short-term interest rates have a negative influence on the bank's result. . Joint venture Cooperative venture between two or more separate legal entities.
An intangible asset representing the value of, for example, the company's client base, its reputation and potential future earnings.
An intangible asset that quantifies the price that a buyer of a company has paid for the reputation, know-how and market position of the acquired company. Goodwill is the excess of the amount paid over the fair value of the net assets aquired at the purchase date.
The excess of acquisition cost over net asset value. Usually represents the value given to a well-respected business name, to the quality of its client portfolio and other such intangible factors.
Amount of purchase price greater than the business assets.
An intangible asset of a business due to such favorable factors as location, product superiority, reputation, and managerial skills. Also the result of paying in excess of the book value for the assets of the business.
The accounting term for amounts paid for assets over and above their fair market value. Goodwill arises, for example, when a company purchases another business and pays a price higher than the value of the acquired assets alone. Goodwill theoretically represents the value of the business's name, reputation, and customer relations, which increase the true value of the business beyond the value of its assets alone.
The difference between the book value of a company and the actual price that another company pays to buy it.
This is an amount in excess of the tangible assets which a buyer pays for the company. Goodwill would include such intangibles as staff, customer base, brand names etc. Most shares on the JSE trade at well above net asset value per share. This difference is really the value the market is placing on the company's goodwill.
the excess of the price paid for a business acquisition over the fair value of net assets acquired.
An intangible asset that reflects the value of a company's name and reputation, its customer relations, and other factors influencing its standing and competitiveness.
The excess of the consideration paid for a business as a whole over the book value of all the tangible net assets purchased; the excess of value over cost.
The value of a trade or business attributable to the expectancy of continued customer patronage, due to a trade or business name or reputation, or to other factors.
The dollar value obtained when you subtract the total value of the tangible assets from the purchase price
The premium paid for an acquisition; amount paid in excess of the fair market value of the assets acquired.
Represents (on a balance sheet) an amount actually paid to another enterprise at the time of purchase or merger in excess of the value of its total assets, in recognition of intangible advantages inherent to the particular firm, such as brand, a good reputation with its customers, an established market, etc.Ãóäâ³ë, ö³íà ô³ðìèÂ áàëàíñ³ ïðåäñòàâëåíî ñóìîþ, ôàêòè÷íî âèïëà÷åíîþ "çâåðõ" âàðòîñò³ áàëàíñîâèõ àêòèâ³â ³íøîìó ï³äïðèºìñòâó ï³ä ÷àñ ïðèäáàííÿ àáî çëèòòÿ â çíàê âèçíàííÿ "íåîñÿæíèõ" ïåðåâàã öüîãî ï³äïðèºìñòâà, òàêèõ ÿê áðåíä, äîáðà ðåïóòàö³ÿ ó êë³ºíò³â, ñòàá³ëüíå ïîëîæåííÿ íà ðèíêó.
The amount by which the value of a company exceeds the fair market value of the company's net assets if purchased separately.
An intangible asset of a business reflecting its commercial reputation, customer connections, etc. It usually isn't calculated until a business is sold.
Amount paid in addition to the current market value of assets when purchasing a company. When a company is acquired, all acquired assets and debts are individually revalued. If more than this amount is paid for a company, the difference is capitalized as goodwill. Goodwill represents the advantages and opportunities that cannot be individually identified and arise from the ownership of the company as a whole. Goodwill is not subject to scheduled amortization. However, as for all other assets, the value of the goodwill is reviewed regularly and subjected to impairment if it is too high.
Goodwill is an accounting concept that describes the value of a business entity not directly attributable to its physical assets and liabilities.
The accounting treatment of an intangible asset such as the takeover premium in a merger or acquisition.
The difference between what a company pays for another company and the book value of that company. In the unlikely event of the book value being higher than the purchase price, then you get Badwill.
Future economic benefits arising from assets that are not capable of being individually identified and separately recognized.
An intangible or non-physical asset, such as value of a company's brand or reputation. Goodwill is also the price a company pays to purchase another company over and above the value of its physical assets.
An intangible asset representing the value that a business has over and above the value of its tangible assets (eg buildings, stock) and other intangible assets (eg accounts receivable, IP registrations), due to its business activities and the reputation nacquired through them.
The part of the price, not accounted for by the net value of tangible assets that covers extra qualities of the business such as the name, reputations and customer loyalty.
The difference between going-concern value and tangible asset value (tangible assets include identifiable intangible assets having values that can be separately determined).
Goodwill is based on a company's reputation and relationships with customers, vendors and the community and its participation in trade-related activities. In broad terms, goodwill is a measure of how willing these individuals would be to continue doing business with a company.
Intangible asset (reputation, brand, skill, technique, corporate name, etc.) which is added to the sum of a company's tangible assets, very important when valuing its shares.
Excess of purchase price over fair market value of net assets acquired under the purchase method of accounting.
The premium paid for acquisition of a business. Calculated as the purchase price less the fair value of net assets acquired (net assets are identified tangible and intangible assets, less liabilities assumed).
The value of a business or trade based on continued customer patronage due to its name, reputation, or any other factor. The goodwill of a business is not exchangeable under INTERNAL REVENUE CODE Section 1031.
in accounting, the difference between what a company pays when it buys the assets of another company and the book value of those assets. Sometimes, real goodwill is involved - a company's good reputation, the loyalty of its customers, and so on. Sometimes, goodwill is an overpayment.
Goodwill amortisation In accounting terms, goodwill arises when a company acquires another company for a price which is higher than its asset value. This premium appears in the acquiring company's assets as goodwill (sometimes described as an intangible asset as distinct from tangible assets such as land, factories and stock). Goodwill is typically written off against profits (amortised) over a period of years. Since no cash changes hands, most analysts add goodwill amortisation back before arriving at a figure for the profits really made by the business.
In accounting lingo, goodwill is the amount by which the purchase price exceeds the fair value of an acquired company's net assets.
The difference between the price which is paid for a business and the value of its assets.
The intangible asset or value of a business or enterprise. Brand name recognition is one of the key goodwill that helps to increase the value of businesses when they are sold, so that their sale price is greater than their asset value.
an intangible asset that attaches to the successful operation of a business. Favorable factors such as location, product superiority, service reputation, and quality personnel often generate goodwill.
The excess of the price paid for a business over the value of all net tangible assets purchased.
The amount paid for a subsidiary that exceeds the fair value of the subsidiary's assets less its liabilities; also called goodwill from consolidation.
An intangible asset that adds value to the worth of a company; for example, the reputation of its products, services or personnel. Listed in the assets category (sometimes as "Investments and sundry assets") on the statement of financial position. See also asset, intangible assets, noncurrent assets.
An unidentifiable intangible asset, that originates under the purchase method of accounting for a business combination when the price paid by the acquiring company exceeds the sum of the identifiable individual assets acquired less liabilities assumed, base d upon their fair values. [D03508] GAT
This is an extra value placed on a business if the owner of a business decides it is worth more than the value of its assets. It is usually included where the business is to be sold as a going concern.
An intangible, salable asset arising from the reputation of a business; the expectation of continued public patronage; including other intangible assets like trade name and going concern value. When a business is sold, the sales price often reflects its goodwill value.
The value of a business that is beyond the market value of any tangible assets. It includes reputation, prestige, and company name.
A value attributed to the overall business entity because of its location, reputation, and specialized site features.
The amount by which the price paid for a company exceeds the company's estimated net worth at market value of the underlying tangible assets and liabilities. Goodwill is a result of name, reputation, customer loyalty, location, products, etc.
As defined in the purchase of a business, it is the excess of the price paid for a business over its underlying book value or asset value. Normally, purchase goodwill is the only type appearing on the financial statements of the company.
The difference between the tangible value of assets and the price buyers are prepared to pay for them. It may reflect anticipated future earnings or the company's reputation. Goodwill is an intangible asset.
Goodwill is the value of a trade or business based on expected continued customer patronage due to its name, reputation, or any other factor.
That intangible possession which enables a business to continue to earn a profit which is in excess of the normal or basic rate of profit earned by other businesses of similar type. The goodwill of a business may be due to a particularly favorable location, its reputation in the community, or the quality of its employer and employees. The evidence that goodwill exists is the proven ability to earn excess profits. Goodwill is created on the books of a newly purchased company to the extent that the purchase price of the company is greater than the value of its net tangible assets.
The difference between what a company pays for another company in excess of the book value of that company. It arises on the consolidated or group accounts.
rarely is such a high value placed on something which is so difficult to describe as occurs with the sale of goodwill. There are several different descriptions of goodwill but the most common is the value of the reputation which a business has gained through the act of trading. Thus, if you bought a store that had been trading for several years then it would have regular customers who would be likely to continue to use the shop even though its ownership had changed, whereas if you set up a new store you would need to attract customers away from existing stores to you. The method by which it is valued is complicated in the extreme - not surprising considering the abstract nature of the thing which is being valued.
An invisible asset created by a good reputation for work well done.
An intangible (immaterial) asset representing the value of long-term clientele, solid reputation among partners and customers, and connections. Grantor - See Settlor.
Sum based on the annual net profit of a business and added to its value when sold.
This is the difference between the market value of a business (i.e what somebody is prepared to pay for it) and the total of the values of the individual business assets.
Value of intangible but recognized and salable assets that favorably impact a business, such as an excellent reputation, strong customer relationships, or unique products.
In accounting, goodwill is any advantage, such as a well-regarded brand name or symbol, that enables a business to earn better profits than its competitors. Goodwill generally is calculated as the purchase price for a company over the fair market value of
An intangible business asset which includes a cultivated reputation and therefore the attraction and confidence of repeat customers and connections. Sales of businesses often include a section of the purchase price for "goodwill".
An intangible asset of a business derived from the perceived value of the business' assets.
The ability of a business to generate income in excess of a normal rate on assets due to superior managerial skills, market position, new product technology, etc. In the purchase of a business, goodwill represents the difference between the purchase price and the value of the net assets. Goodwill acquired after August 10, 1993, must be amortized over a 15-year period and is subject to recapture when the business is sold. Amortization is computed on Form 4562.
An intangible asset of a business. Examples are knowledge and reputation.
An intangible asset recorded under the purchase method of accounting. In an acquisition, goodwill is recorded on the balance sheet of the acquirer and is the excess of the purchase price over the fair value of the net assets acquired. Goodwill is generally understood to represent the going concern value of the business and other intangible factors that are expected to contribute to earnings growth.
An intangible property such as the advantage or benefit received in property beyond its mere value. It is not confined to a name but can also be attached to a particular area where business is transacted, to a list of customers, or to other elements of value in business as a going concern.
Goodwill is an intangible asset that forms part of the sale price over and above the price asked for the tangible assets and stock. This component of the sale price represents a payment for the existing client base and the security of future profits.
The excess of the cost of an acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed.
Goodwill represents the excess, at the dates of acquisition, of the cost of investments over the fair value of the net identifiable (tangible or intangible) assets acquired. Goodwill is not amortized.
The intangible asset that arises as a result of name, reputation, customer patronage, location, products and similar factors not separately identified and/or valued but which generate economic benefits.
The established popularity of a business sold with the business itself, the expectation that the customer will return to the same place for further purchases.
Excess of the purchase price over the fair market value of the net assets acquired under purchase accounting.
A business asset of intangible value created by customer and supplier relations.
Goodwill is the accounting term used to describe the difference between purchase price and asset value of an acquire company.
Pertaining to a business, goodwill represents the difference between the purchase price and the value of net assets. Goodwill is depreciated or amortized over the years.
An intangible asset generated when an entity is purchased for more than its book value, assumed to be for reputation and customer base.
the excess price paid for a company over the value of its assets
that intangible asset arising as a result of name, reputation, customer loyalty, location, products, and similar factors not separately identified.
The excess of the purchase price of a business over the fair market value of the net assets of the business.
Goodwill is created when we acquire businesses. It is calculated by deducting the fair value of the identifiable net assets acquired from the cost of the investment. Goodwill represents the value of factors that are expected to contribute to a greater earnings power, such as a good reputation, customer loyalty or intellectual capital.
An intangible asset that represents the value of a corporation's name, customer service, employee morale, and other such factors that are anticipated to translate into higher earning power. However, as an intangible asset, it does not have a liquidation value and accounting principles require that it is written off over a specific time period. See: Going Concern Value; Liquidation
The â€œfluffâ€ on the balance sheet. The value of the company's good name and reputation for example, listed as an asset. It can account for a sizable portion of a companies total value.
An intangible asset of a business that relates to a favorable relationship with customers, and excess earning power. (last updated 03/19/2004)
In accounting terms, goodwill is the difference between the fair value of a business as a whole and the aggregate fair value of its net separate assets. Traditionally, goodwill has been thought of as the positive disposition of a customer towards a particular company, which makes the customer continue patronizing it. The elements of goodwill are broader than those of customer capital. They are all of the intangible assets not valued separately on a firm's financial statements. Goodwill consists of intellectual capital, plus other intangible assets ( Accounting for Intangible Assets: A New Perspective on the True and Fair Value, by Raymond Brockington, Addison-Wesley and Arthur Andersen, 1996).
The value that derives from the ability of a business to earn more than a normal rate of return on its physical assets; represented by the total value of a business less plant and equipment and inventory.
In accounting, goodwill is any advantage, such as a well-regarded brand name or symbol, that enables a business to earn better profits than its competitors. During an acquisition, goodwill value in excess of the acquired company's liquidation value is treated as an intangible asset. Because this intangible asset has no independent market or liquidation value (unlike, say, a factory, which can be sold for cash), accepted accounting principles require that goodwill be written off by the acquiring company over a period of time â€” up to 40 years. The process of writing off goodwill is called amortization. Both depreciation and amortization expenses are subtracted from a company's operating revenues to calculate net income.
the benefit acquired by a business beyond its stock, capital and property relating to the patronage its receives from its customers. Referred to as the “probability that the old customers will resort to the old place” Crutwell v Lye 17 Ves 335
The excess of the fair value of net assets acquired over cost resulting from a business combination accounted for as a purchase.
The value of a business or of a line of goods or services, beyond its tangible assets, that reflects its commercial reputation.
Value of the name, reputation, or intangible assets of the business. In accounting, this is only recorded when the business is purchased, and it is wholly amortized. Normally the excess of price paid over the value of the net assets acquired.
Goodwill is the excess amount that results if the purchase consideration of an acquisition is higher than the pro-rata shareholders' equity of the acquisition in the balance sheet. Goodwill is as a rule recorded as an asset in Deutsche Telekom's consolidated financial statements and amortized over its estimated useful life (between 3 and 20 years) with a net impact on results.
Premium paid in the acquisition of an entity over the fair value of its identifiable tangible and intangible ASSETS less LIABILITIES assumed.
The excess of the purchase price over the fair market value of an asset. Accountants record this as a 'write off' in the financial report.
The value of a business to a purchaser over and above its net asset value. It reflects the value of intangible assets like: reputation brand name good customer relations high employee morale an (More)
The difference between going concern value and the sum of the net tangible assets and identifiable intangible assets (where these can be separately quantified). See Individual goodwill See Personal goodwill See Value to owner
The difference between the value of the hard assets and the business' selling price. Also called "blue sky."
The value put on a business's customer base and organisation. It is the difference between the total of the values of the individual business assets and the value of the business as a going concern.
the amount a buyer will pay for a business above the value of its tangible assets
Goodwill is an intangible asset of a company. The buyer of a business is often willing to pay for the "good name" of the business in addition to the value of its assets. Goodwill appears on the balance sheet as the excess of the amount paid for the shares over their net asset value.
The value of the name and reputation of a person or company, which will generate better future earnings, based on that reputation.
An intangible asset (value) of a business
An intangible item that is only recorded on a company's books as the result of a purchase. Generally, it is inseparable from the enterprise but makes the company more valuable, for example, a good reputation.
With regard to a business opportunity; it is the intangible assets of a business that are salable, derived from the expectation of continued patronage.
Goodwill is a term for the value of a well-respected business name, good customer relations, high employee morale and other such factors that are expected to translate into greater than normal earning power. Because this intangible asset has no independent market or liquidation value, accounting principles require that goodwill be written off over a period of time.
Goodwill is really accouting term. Goodwill in a family setting is a concept used to refer to an individual's ability to exert influence within the family without having to resort to the use of force (either direct or indirect) or an asset (such as money or property), either directly or by the creation of a lien. Different individuals will have different amounts of goodwill within the family.
In accounting, goodwill is an accounting term used to reflect the portion of the market value of a business entity not directly attributable to its assets and liabilities; it normally arises only in case of an acquisition. It reflects the ability of the entity to make a higher profit than would be derived from selling the tangible assets.