Hi there,
I would like to know whether goodwill on acquisition of a subsidiary is to be recognised even though such goodwill is immaterial to either the parent company or the group as a whole.
Recognition of goodwill on acquisition of subsidiary
Re: Recognition of goodwill on acquisition of subsidiary
Hi, no
But you need to recognise something so that debits and credits will be equal. For example, you can recognise some kind of intangible asset (e.g. customer base or brand) and amortise it shortly after the acquisition date
But you need to recognise something so that debits and credits will be equal. For example, you can recognise some kind of intangible asset (e.g. customer base or brand) and amortise it shortly after the acquisition date