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.

Author

  • SW Indonesia

    As the webmaster and author for SW Indonesia, I am dedicated to providing informative and insightful content related to accounting, taxation, and business practices in Indonesia. With a strong background in web management and a deep understanding of the accounting industry, my aim is to deliver valuable knowledge and resources to our audience. From articles on VAT regulations to tips for e-commerce taxation, I strive to help businesses navigate the complexities of the Indonesian tax system. Trust SW Indonesia as your go-to source for reliable and up-to-date information, empowering you to make informed decisions and drive success in your business ventures.