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Goodwill under IFRS: Relevance and disclosures in an unfavorable environment

Baboukardos, Diogenis and Rimmel, Gunnar (2014) 'Goodwill under IFRS: Relevance and disclosures in an unfavorable environment.' Accounting Forum, 38 (1). 1 - 17. ISSN 0155-9982

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Abstract

The accounting treatment of purchased goodwill under IFRS has been severely criticized due to the extensive use of fair value accounting. The purpose of this study is to enrich the ongoing debate upon this issue by drawing attention to the market valuation implications of goodwill in a country outside the Anglo-Saxon accounting paradigm, where the application of fair value accounting has been seen as more problematic. The results indicate that, in the case of purchased goodwill, fair value accounting generates relevant accounting numbers but only in companies that comply highly with IFRS disclosure requirements.

Item Type: Article
Uncontrolled Keywords: Goodwill, Value relevance, Fair value accounting, Mandatory disclosures, IFRS, Greece
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Diogenis Baboukardos
Date Deposited: 11 Oct 2016 10:37
Last Modified: 18 Dec 2018 11:15
URI: http://repository.essex.ac.uk/id/eprint/17757

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