Goodwill in Accounting, Defined and Explained

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Goodwill in Accounting, Defined and Explained

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Күн бұрын

This video defines the concept of Goodwill as used in accounting and provides an example of how Goodwill is calculated.
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Пікірлер: 73

@Jarod15100 5 жыл бұрын

When you hear "In this video, we're gonna talk about..." and you know that you're going to understand accounting

@paitienceseraphine6928 Жыл бұрын

It seems like it 😊

@Pmarmagne 7 жыл бұрын

Saved me so much time. What took me 3 hours to complete my homework only took me 1 hour because you provide good examples that I can re-apply. I wish you were my professor for all my classes

@mohabuleenhaneen8315 3 жыл бұрын

You are the best ...less talkative more informative

@Edspira 3 жыл бұрын

Thank you!

@laketasherrill1424 4 жыл бұрын

I had the hardest time with trying to come up with goodwill and you made it easier than how my teacher explained it to me! Thank you.

@JuanOjedaJr Ай бұрын

The best breakdown of goodwill, TY! Helped me out especially for clarity in my advanced accounting class, the books do no justice!

@aaronwesley930 5 жыл бұрын

Edspira is the reason why I am still able to follow my passion in accounting. Thank you!

@gnlilu6972 6 жыл бұрын

THANK YOU SO MUCH FOR YOUR VIDEOS! I got an “A” in my final exam in accounting! 😇

@yakubugago 8 жыл бұрын

Man your videos are sooooo awesome. Im studying for my CPA exam and I'm using your videos instead of the dumb CPA videos I have from my review course.

@Abulbeesh82 3 ай бұрын

Thank you very much very much for your simple and clear explanation. I never figured out what "goodwill" means before this video.❤

@leahk7057 9 жыл бұрын

Sir, you are the best! Thank you!

@shaikazeez3825 2 жыл бұрын

Superb explanation Sir. I'm from 🇮🇳. I became yur fan after listening this concept.

@jeffislearning 2 жыл бұрын

Thank god for this video. Learning accounting this was the most confusing and unclear topic that my professor seem to gloss over.

@MxzGelai17 5 жыл бұрын

It's very helpful and straightforward! Kudos! Keep up the good work, mister!

@bartoszjozefowski7247 10 ай бұрын

You help me a lot with my ACCA studies. Many thanks for that!

@hashimalsadeh 9 жыл бұрын

Thank you very much for this video. now I finally figured out how to get that goodwill

@robertbriggs5033 6 жыл бұрын

Great video, things are learnt best in short chunks like this!

@Edspira 6 жыл бұрын

Awesome. I'm glad this format works for you. Best of luck to you in your studies!

@Blackcatjulia 4 жыл бұрын

Finally understands the reason behind the equation! Thanks

@danielbeirao6071 7 жыл бұрын

Very simple and helpful explanation. Thank you so much!

@Edspira 7 жыл бұрын

Thanks Daniel!

@nimeshparashar5583 2 жыл бұрын

Thanks a lot Sir , had a tough time understanding this but you made it lot simpler.

@brkm9 4 жыл бұрын

Best prof and the best school 🙏

@green727 10 жыл бұрын

Thanks for this! You should note that goodwill is amortized for tax purposes though.

@deniskatashkentskiy 10 жыл бұрын

thats some awesome explanation. thanks!

@rob8482 7 жыл бұрын

You made that easy...Great video!

@mosab495 8 жыл бұрын

wonderful explaination and you make our life easy .... thank you so much

@utpalmohane895 4 жыл бұрын

Sir, you explained it very well.Thank you

@buggieboi1988 8 жыл бұрын

Thanks a lot for all these videos. It makes life so much better. I have a question though. So where does owners equity fit into the picture? Thanks in advance😀

@bigmacdaddy1234 8 жыл бұрын

Excellent video...thank you so much.

@Edspira 8 жыл бұрын

Thank you for the comment. I'm glad you are finding my videos useful!

@MarionStrutzChristina 8 жыл бұрын

Ultimately understood. Gracias.

@shubhikagarg8367 5 жыл бұрын

Dude this really cleared my concept ! Thanks a lot ❤️

@Mikey-pp5jc 4 жыл бұрын

9 yrs later and still saving students... BTW no wonder target went under, look at those prices!!!

@jessiesi1412 Жыл бұрын

Thank you so much. Very clear

@Edspira Жыл бұрын

Glad it was helpful!

@kkkkk393 3 ай бұрын

Love you! Tq so much! Finally I understood

@IGOMON2 3 жыл бұрын

Thank you very much for the explanation. I think i good it now.

@MissCraig 6 жыл бұрын

Do you have a video on amortization? or is Goodwill about the same as amortization?

@mlmiles1 7 жыл бұрын

So what would the journal entry be for this transaction, including goodwill?

@MyFinancialFocus 2 жыл бұрын

Goodwill is one my favorite assets on the balance sheet. It’s the only one thats worth what someone claims it’s worth lol

@gentle-j5028 5 жыл бұрын

That's what I call understanding lesson and not only memorizing

@johnw4590 5 жыл бұрын

Very well explained! Thank you

@abdullahalameer8972 5 жыл бұрын

Thank you for the simplification :)

@mitch858 5 жыл бұрын

You are the best

@adarshs2937 11 күн бұрын

Good video🎉

@bigfriki 9 жыл бұрын

I guess a good example would be Facebook aquiring WhatsApp for $22billion (which obviously was more than its value of net identifiable assets)?

@nightthemare4742 2 жыл бұрын

Thanks!

@sollicortado4774 3 жыл бұрын

THANK YOU SO MUCH!

@suruthipriya_cma 3 жыл бұрын

Hi Sir, As per double entry system every aspect should have two fold effect. If goodwill in asset side - what would a second effect ?. Please advise . Since Goodwill is non cash transaction - wouldn't it lead to overvalue in asset side Thanks, Suruthi

@MrLeifyGreenz 4 жыл бұрын

One word, "synergy"

@pavloshpak 8 жыл бұрын

Дякую! Cheers from Ukraine !

@macdonaldnenguem7286 4 жыл бұрын

Thanks a bunch

@ricklavie7315 4 жыл бұрын

Good demo ! PPE standing for ....?

@row0111 4 жыл бұрын

AAS 18 AASB: Purchased goodwill must be amortised so that it is recognised as an expense in the profit and loss or other operating statement on a straight-line basis, over the period from the date of acquisition to the end of the period of time during which the benefits are expected to arise. This period must not exceed twenty years from the date of acquisition.

@kanelawson1085 2 жыл бұрын

Yes, basically what I came here to say. Goodwill is not "never amortized" as stated in this video. It is absolutely amortized for the reasons you laid out above.

@JarlTryggve 10 ай бұрын

This video is 10 years old, and the changes to goodwill amortization were well after it was made. Nice "I gotcha" moment. He knows what tf he's talking about.