Goodwill
In accounting, goodwill means the excess of the consideration paid in a business combination over the fair value of the identifiable net assets acquired — not amortized by public companies, tested for impairment at least annually.
- Layer
- Lexicon
- Defined in
- Lexicon
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Authority
This definition follows ASC 350-20.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Goodwill, in use
Quoted from the document that use the word — what it does to an interface, in the spec's own sentence.
Goodwill and indefinite-lived intangibles are not amortized — they are tested for impairment (US GAAP private companies may elect to amortize goodwill over up to ten years).
Schedules, accruals & roll-forwards — 6. Intangibles and amortization
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- intangible asset unqualified
- brand value
Nearby in the catalog
No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.
6Statements
Family specTerms this one depends on
Also in Fixed assets & leases
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.