engleski

Goodwill as Controversial Issue in International Financial Accounting

In modern business environment financial accounting should be more harmonized, providing more comparable accounting information to users. Literature suggests that accounting for goodwill is area with very divergent practices. Trough this paper mentioned assumption is theoretically analyzed comparing the previous and current practices for some countries with available data. Furthermore, on the basis of some case studies from the US and UK possible differences in financial statements are viewed trough authentic data. Author of the paper has conducted empirical research among some large Croatian corporations and discovered that accounting for goodwill is in accordance with IAS 22.

International Accounting; Goodwill; Financial Statements Differences

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