In consolidation, are we allowed to offset negative goodwill against postive goodwill?
Thanks for your help.
[New Post] Is offsetting of positive goodwill against negative goodwill allowed in consolidation? – http://www.ifrslist.com/2010/06/is-offse…
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
There is no negative goodwill allowed sitting in balance sheet. IFRS -3 Negative goodwill should be transferred to Income statement.
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