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New rules for Godwill under IAS/IFRS |
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{{wiktionary|goodwill}} |
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''For the article about the charity: see [[Goodwill Industries]]'' |
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'''Goodwill''' or '''good will''' may also refer to: |
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* [[Goodwill (accounting)]], the value of a business entity not directly attributable to its assets and liabilities |
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*[[Goodwill ambassador]], occupation or title of a person that advocates a cause |
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* [[Goodwill Games]], a former international sports competition (1986–2000) |
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* [[Goodwill Industries]], a non-profit organization |
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* [[Goodwill tour]], a tour by someone or something famous to a series of places |
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* [[The Goodwill]], a post-hardcore band from Long Island, New York formed in 2001 |
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* {{USS|Goodwill|1917}}, a United States Navy patrol boat in commission from 1917 or 1918 until the end of 1918 |
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==People with the name== |
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For example, a software company may have physical assets of some desktop PCs, servers, office equipment etc valued at $1 million, but the company's overall value (including brand, customer, intellectual capital) is valued at $10 million. Anybody buying that company would show $10 million total assets comprising $1 million physical assets, and $9 million in goodwill. |
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* [[Goodwill Zwelithini kaBhekuzulu]], the former king of the Zulu nation |
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* [[Tommy Goodwill]] (1894–1916), English footballer |
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==Places== |
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Goodwill is often included on a [[balance sheet]] as an [[asset]], but its valuation may be suspect if supporting evidence like an independent survey is missing. Goodwill is forced onto the balance sheet when a company is purchased for more than the sum of the value of the assets of the company. The difference between the purchase price and the sum of the assets is by definition the value of the "goodwill" of the company. |
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* Goodwill, a Free Village in [[Saint James Parish, Jamaica]] |
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* Goodwill, a suburb of [[Roseau]], Dominica |
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* [[Goodwill, Maryland]], United States |
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* [[Goodwill, West Virginia|Goodwill]], [[West Virginia]], United States |
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==See also== |
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For example: |
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*''[[Good Will Hunting]]'', a 1997 film directed by Gus Van Sant |
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*A quality provider of goods or services builds up a good reputation (UPS, L.L. Bean). |
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*[[Social capital]], the goodwill of social groups, in sociology and public health |
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*A brand name controlled by the business becomes recognizable by a large part of the population (Tide, Cheerios). |
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*[[Good faith]], the mental and moral state of honesty |
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{{disambiguation|geo|surname}} |
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Goodwill is no longer [[Amortization_%28business%29|amortized]] under U.S. generally accepted accounting principles ([[GAAP]]). However, under International Accounting Standards, goodwill amortization is still allowed. |
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Edit: As of 01.01.2005 Goodwill amortization is also forbidden under IAS/IFRS (IAS 36/IFRS 3). Goodwill can now only be impaired (Impairment-only-approach). The general rules are similar to US-GAAP (SFAS 141/142). |
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'''Goodwill''' also means simply to have the will to do good in a community, or, to simply try to help people who are in need (for example, serving at a soup kitchen or at a homeless shelter). |
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Other examples: |
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*The will to do good. |
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*The effort to help out or support others. |
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*Willing to help out in an effort to make things better. |
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[[Category: accounting]] |
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[[de:Geschäfts- oder Firmenwert]] |
Latest revision as of 12:21, 16 September 2024
Look up goodwill in Wiktionary, the free dictionary.
Goodwill or good will may also refer to:
- Goodwill (accounting), the value of a business entity not directly attributable to its assets and liabilities
- Goodwill ambassador, occupation or title of a person that advocates a cause
- Goodwill Games, a former international sports competition (1986–2000)
- Goodwill Industries, a non-profit organization
- Goodwill tour, a tour by someone or something famous to a series of places
- The Goodwill, a post-hardcore band from Long Island, New York formed in 2001
- USS Goodwill (1917), a United States Navy patrol boat in commission from 1917 or 1918 until the end of 1918
People with the name
[edit]- Goodwill Zwelithini kaBhekuzulu, the former king of the Zulu nation
- Tommy Goodwill (1894–1916), English footballer
Places
[edit]- Goodwill, a Free Village in Saint James Parish, Jamaica
- Goodwill, a suburb of Roseau, Dominica
- Goodwill, Maryland, United States
- Goodwill, West Virginia, United States
See also
[edit]- Good Will Hunting, a 1997 film directed by Gus Van Sant
- Social capital, the goodwill of social groups, in sociology and public health
- Good faith, the mental and moral state of honesty