Modern problems of goodwill valuation in accounting and reporting and ways to solve them

Abstract

Goodwill valuation issues are among the most problematic for modern accounting and reporting. This article identifies the most pressing problems in this area today and presents proposals for their solution. During the research, such methods as the method of analogies, logical approach, analysis and synthesis, comparison, grouping method, systematic approach were used. As a result of the research, proposals were made regarding the terminology used in the above area, as well as the author’s view on the rules for the initial and subsequent evaluation of goodwill, both acquired in a business combination and created within the organization. The results obtained in this article will be useful to a wide range of readers interested in modern problems of accounting and reporting, including the valuation of assets at their recognition and after their recognition in accounting. The results obtained in this work can also be applied in the educational process of higher educational institutions, in the practical work of accounting departments and in the development and improvement of relevant regulatory documents on accounting.