# Goodwill

> Goodwill — 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.

Source: https://lopifi.com/glossary/goodwill
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is 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.

## Words this system refuses for it

- intangible asset unqualified
- brand value

- **Category:** Fixed assets & leases
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** impairment