Home » CONSOLIDATION

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

8 June 2010 0 views 3 Comments

Hi everyone,

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

Thanks for your help.

Related posts:

  1. Consolidation After Merge If  company (A) has a subsidiary(b) during acquisition no goodwill was...
  2. Consolidation adjustments Dear Members Please advice, how to give effect of consolidation...
  3. Financial Statement Consolidation If the subsidiary was established prior to the parent company,...

Related posts brought to you by Yet Another Related Posts Plugin.

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

Leave your response!

You must be logged in to post a comment.