| Issue |
SHS Web Conf.
Volume 62, 2019
17th International Scientific Conference “Problems of Enterprise Development: Theory and Practice” 2018
|
|
|---|---|---|
| Article Number | 01004 | |
| Number of page(s) | 5 | |
| Section | Reproduction of Innovative Development Resources in the Conditions of Nonequilibrium Economy | |
| DOI | https://doi.org/10.1051/shsconf/20196201004 | |
| Published online | 15 March 2019 | |
Genesis of the Definition “Goodwill” as Economical Category: International and Russian Aspect
Tyumen State University, Tyumen, Russia
* Corresponding author: amdacctt@yahoo.com
The article is devoted to formation of the definition “Goodwill” in Russian accounting practice based on historical trends, regulations and standards. During the research the definition was explored from legal stand point, were considered major milestones in its development and, as a result, it was concluded that further development will be necessary due to acceptance of the International Financial Reporting Standards on territory of Russian Federation. It compares experience of the United States and Russia in regulation of the definition and its realization and recognition in financial reporting. As an economic category goodwill have gone through development of the definition reputation to the leading indicator of the company’s stability in merger and acquisition process. From this position, usage of goodwill in consolidated financial reporting is crucial and requires development of the mechanisms for implementation and guardianship of the intangible assets, its proper amortization and impairment.
Key words: Goodwill / business reputation / intangible assets / accounting / financial reporting / international aspect.
© The Authors, published by EDP Sciences, 2019
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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