No video :(

Goodwill in Accounting, Defined and Explained

Подписаться 314 тыс.

Просмотров 170 тыс.

50% 1

This video defines the concept of Goodwill as used in accounting and provides an example of how Goodwill is calculated.
Edspira is your source for business and financial education. To view the entire video library for free, visit www.Edspira.com
To like us on Facebook, visit / edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit www.MichaelMcLa...
To follow Michael on Facebook, visit
/ prof.michael.mclaughlin
To follow Michael on Twitter, visit
/ prof_mclaughlin-
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
-
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* eepurl.com/dIaa5z
-
SUPPORT EDSPIRA ON PATREON
* / prof_mclaughlin
-
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* edspira.thinki...
-
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: podcasts.apple...
* Spotify: open.spotify.c...
* Website: www.edspira.co...
-
GET TAX TIPS ON TIKTOK
* / prof_mclaughlin
-
ACCESS INDEX OF VIDEOS
* www.edspira.co...
-
CONNECT WITH EDSPIRA
* Facebook: / edspira
* Instagram: / edspiradotcom
* LinkedIn: / edspira
-
CONNECT WITH MICHAEL
* Twitter: / prof_mclaughlin
* LinkedIn: / prof-michael-mclaughlin
-
ABOUT EDSPIRA AND ITS CREATOR
* www.edspira.co...
* michaelmclaugh...

Опубликовано:

28 авг 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 73

@Pmarmagne 7 лет назад

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

@Jarod15100 5 лет назад

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

@paitienceseraphine6928 Год назад

It seems like it 😊

@mohabuleenhaneen8315 3 года назад

You are the best ...less talkative more informative

@Edspira 3 года назад

Thank you!

@laketasherrill1424 4 года назад

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.

@aaronwesley930 5 лет назад

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

@JuanOjedaJr Месяц назад

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

@gnlilu6972 6 лет назад

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

@leahk7057 9 лет назад

Sir, you are the best! Thank you!

@Abulbeesh82 3 месяца назад

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

@yakubugago 8 лет назад

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.

@hashimalsadeh 9 лет назад

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

@jeffislearning 2 года назад

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

@bartoszjozefowski7247 10 месяцев назад

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

@shaikazeez3825 2 года назад

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

@MxzGelai17 5 лет назад

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

@robertbriggs5033 6 лет назад

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

@Edspira 6 лет назад

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

@Blackcatjulia 4 года назад

Finally understands the reason behind the equation! Thanks

@green727 10 лет назад

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

@danielbeirao6071 7 лет назад

Very simple and helpful explanation. Thank you so much!

@Edspira 7 лет назад

Thanks Daniel!

@jessiesi1412 Год назад

Thank you so much. Very clear

@Edspira Год назад

Glad it was helpful!

@brkm9 4 года назад

Best prof and the best school 🙏

@nimeshparashar5583 2 года назад

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

@mosab495 8 лет назад

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

@kkkkk393 3 месяца назад

Love you! Tq so much! Finally I understood

@buggieboi1988 8 лет назад

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😀

@deniskatashkentskiy 10 лет назад

thats some awesome explanation. thanks!

@rob8482 7 лет назад

You made that easy...Great video!

@MarionStrutzChristina 8 лет назад

Ultimately understood. Gracias.

@Mikey-pp5jc 4 года назад

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

@gentle-j5028 5 лет назад

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

@bigmacdaddy1234 8 лет назад

Excellent video...thank you so much.

@Edspira 8 лет назад

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

@mlmiles1 7 лет назад

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

@MyFinancialFocus 2 года назад

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

@adarshs2937 10 дней назад

Good video🎉

@MissCraig 6 лет назад

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

@utpalmohane895 4 года назад

Sir, you explained it very well.Thank you

@shubhikagarg8367 5 лет назад

Dude this really cleared my concept ! Thanks a lot ❤️

@mitch858 5 лет назад

You are the best

@nightthemare4742 2 года назад

Thanks!

@abdullahalameer8972 5 лет назад

Thank you for the simplification :)

@IGOMON2 3 года назад

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

@johnw4590 5 лет назад

Very well explained! Thank you

@sollicortado4774 3 года назад

THANK YOU SO MUCH!

@ahmedgamal3945 3 года назад

Thank you :)

@user-rb7fz4mk9u 3 года назад

THX.

@bigfriki 9 лет назад

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

@MrLeifyGreenz 4 года назад

One word, "synergy"

@macdonaldnenguem7286 4 года назад

Thanks a bunch

@pavloshpak 8 лет назад

Дякую! Cheers from Ukraine !

@ProttutponnomotiOfficial 4 года назад

thank you!

@RahulGupta-uj9ct 6 лет назад

Nice

@ricklavie7315 4 года назад

Good demo ! PPE standing for ....?

@llahiru123 10 лет назад

nice

@Edspira 10 лет назад

Thanks!

@tiffanycheung5563 4 года назад

THANK YOUUUUU

@suruthipriya_cma 3 года назад

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

@HOINY11751 4 года назад

nice video

@vishnu8899 4 года назад

Dear Sir,how did you arrive at the purchase price??

@row0111 4 года назад

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 года назад

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 месяцев назад

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.