Purpose - This paper outlines the link between value creation, performance measurement and goodwill accounting … according to IFRS and US-GAAP. Since economic goodwill is identical to the present value of future residual income, we examine … the question of how accounting information gathered for impairment testing of goodwill according to IAS 36 and FAS 142 can …

, the conversion process of subjective goodwill, which is related to the allocation problem in accounting income and its … subjective goodwill, and by highlighting the portion of the allocation error that reflects managerial discretion …

I find that goodwill write-offs under Statement of Financial Accounting Standards No. 142 (SFAS 142) are associated … with future expected cash flows as mandated by the standard. However, there are indications that goodwill write-offs lag … behind the economic impairment of goodwill. Additional analysis reveals that the association between goodwill write-offs and …

agenda to evaluate potential alternatives for measurement of goodwill. Motivated by the FASB's consideration of a change in … goodwill accounting, I examine the impact of SFAS 142 on the usefulness of goodwill write-offs and goodwill balances. I find … that goodwill write-offs and goodwill balances are more strongly associated with stock returns and stock prices …

Goodwill in the accounting context represents amounts paid in excess of the fair value of the identifiable net assets … for a business acquisition. The accounting for goodwill has long been a subject of debate and remains so today. Indeed …, the guidance for goodwill accounting has been significantly revised twice since 2001 (2001 and 2011). Despite these recent …

This paper examines the information content of goodwill write-downs under International Accounting Standard (IAS) 36 … value depends on the reliability of the news. Using a sample of 564 goodwill write-down announcements issued from 2005 to … 2009, we find a negative capital market reaction to announcements of unexpected goodwill write-offs. Our results indicate …

This study is the first to analyze the value relevance of goodwill impairment losses (GIL) in an international context … introduces a new explanation for heterogeneity in value relevance of goodwill impairments, and adds to research on the effects of …