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Goodwill under International Financial Reporting Standards: relevance and mandatory disclosures compliance in an unfavourable environment

Baboukardos , D. and Rimmel, G. (2014) Goodwill under International Financial Reporting Standards: relevance and mandatory disclosures compliance in an unfavourable environment. Accounting Forum, 38 (1). pp. 1-17. ISSN 0155-9982

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To link to this item DOI: 10.1016/j.accfor.2013.11.001

Abstract/Summary

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
Refereed:Yes
Divisions:Henley Business School > Business Informatics, Systems and Accounting
ID Code:73607
Uncontrolled Keywords:Goodwill; Value relevance; Fair value accounting; Mandatory disclosures; IFRS; Greece
Publisher:Elsevier

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