Comparative analysis of accounting for goodwill: domestic practice and international experience

Authors

  • Yuliya Sudyn Ternopil National Economic University Author

Keywords:

goodwill, intangible assets, intellectual capital, internal goodwill, IFRS, US GAAP, comparative analysis

Abstract

In this article, we performed a comparative analysis of similarities and distinctions of the national and international standards of accounting for goodwill. In the research we studied the description of economic category "goodwill", its quality and components. We showed that the disclosures that are related to goodwill are frequently not submissive with the policy in accounting standards, consequently the research aims to improve the accounting regulations for goodwill from the perspective of a modern economic environment. Special attention was focused on the objectives and functional mechanism of the harmonization for accounting in Ukraine. We gave the ways for development of the Ukrainian legislation about goodwill in agreement with international principles

Author Biography

  • Yuliya Sudyn, Ternopil National Economic University

    Ph.D student

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Published

2022-11-14

Issue

Vol. 1 No. 1 (2022)

Section

Articles

License

Copyright (c) 2022 Yuliya Sudyn

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

All articles published in the International Journal of Economics and Society (IJES) are licensed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0).

This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author(s) and the source are properly credited.