Double Accounting for Goodwill
A Problem Redefined
By (author) Martin Bloom
Normal Price: $224.00
Your Price: $201.60 AUD, inc. GST
Shipping: $7.95 per order
You Save: $22.40! (10% off normal price)
Plus...earn $10.08 in Boomerang Bucks
Availability: Available, ships in 7-10 days
Double Accounting for Goodwill by Martin Bloom
Book DescriptionGoodwill, sometimes purchased but often more significantly internally generated, is the major constituent of the value of many listed companies. Accounting aims to provide users of financial statements with useful information, and more than fifty current International Financial Reporting Standards prescribe accounting disclosure requirements in minute detail. However, these Standards dismiss internally generated goodwill with a single brief provision that it is not to be brought to account at all. The impairment regime now laid down for dealing with purchased goodwill contains severe flaws, while previous methods have also been found to be unsatisfactory. This book traces the history of the goodwill accounting controversy in detail and demonstrates that it has been a prime example of an issue 'conceived in a way that it is in principle unsolvable'. It explores the problem of recognising the importance of goodwill as a whole and finding a way of presenting meaningful information regarding it in the context of the financial statements. The author's proposed solution builds upon research undertaken and uses a Market Capitalization Statement, based on a modification of nineteenth century 'double accounting' in a modern context. Examples show that the proposed Market Capitalization Statement has the potential to provide significant information not currently available form conventional financial statements, which in turn are freed to present clearer information.
Buy Double Accounting for Goodwill book by Martin Bloom from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780415437486
(234mm x 156mm x 18mm)
Publisher: Taylor & Francis Ltd
Publish Date: 16-Jun-2008
Country of Publication: United Kingdom
Books By Author Martin Bloom
Double Accounting for Goodwill, Paperback (December 2009)View all books by Martin Bloom
Goodwill may be either purchased or internally generated. This book provides an historical review of accounting literature, including professional standards, relating to methods of accounting for purchased goodwill.
» Have you read this book? We'd like to know what you think about it - write a review about Double Accounting for Goodwill book by Martin Bloom and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Martin Bloom
Martin Bloom is a Chartered Accountant who has been in public practice for over forty years and is currently a Director in the Sydney office of Deloitte, a global network of accounting, consulting and business advisory firms.
Phone: 1300 36 33 32 (9am-2pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687