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Is offsetting of positive goodwill against negative goodwill allowed in consolidation?

8 June 2010 2,374 views 3 Comments

Hi everyone,

In consolidation, are we allowed to offset negative goodwill against postive goodwill?

Thanks for your help.

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3 Comments »

  • ifrslist
    ifrslist said:

    [New Post] Is offsetting of positive goodwill against negative goodwill allowed in consolidation? – http://www.ifrslist.com/2010/06/is-offse...
    via Twitoaster

    # 8 June 2010 at 6:37 am
  • riyer0018 said:

    No, since there is no concept of negative goodwill in IFRS. Negative goodwill is considered a bargain purchase gain and routed through the income statement

    # 8 June 2010 at 8:47 am
  • hbjaipur said:

    Dear frnd

    There is no negative goodwill allowed sitting in balance sheet. IFRS -3 Negative goodwill should be transferred to Income statement.

    Thnx

    # 9 June 2010 at 4:45 am

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