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Extetnal goodwill

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Yasaswi Gomes new

Finance

4592 Points Posted on 07 May 2023

Hi,

Who told you all that the standard setters are correct? Internally generated goodwill vs external. Who told anyone that internally generated goodwill is not equal to externally generated goodwill. The English, per say, is rude, so you accept that? Anyways, internal goodwill is customer lists and parties and expensed but it can be named as external goodwill cause you you never earned anticipated within. When i write a wrong answer, rarely that is, and that also means mca wrote the principles wrong. Any expert who wants to argue with me can leave a comment. Internal goodwill is between related parties isnt it? But who told you all that your good in english? Internally generated goodwill? Compliance issue

Reg

Txs

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Quick Summary

This discussion challenges the accounting treatment of internally generated goodwill, questioning why it's expensed while externally acquired goodwill is capitalised. The author argues that internal goodwill, like customer lists, should be recognised and debated, suggesting standard setters may be incorrect. They invite experts to discuss the validity of current accounting principles and the potential for change.