SW NIHAO Newsletter E.12 – April 2023

GOODWILL

SW INDONESIA EXPLORES THE PHENOMENON OF IMPAIRMENT VALUE ON GOODWILL IN THE AUDITED FINANCIAL STATEMENTS

01. Accounting For Goodwill

Goodwill is an asset that represents future economic benefits arising from other assets acquired in a business combination.

02. Audit Of Goodwill

The ineffectiveness of the impairment value of goodwill is usually the main concern for auditors.

03. Tax In Transactions and Goodwill

The taxation aspect of selling-purchase of shares, assets and goodwill, that arise in corporate actions.

04. Goodwill From Corporate Action

Mergers and acquisitions have the implication of causing goodwill to occur which has the potential to cause losses due to impairment of goodwill in the future.

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