goodwill

Definition of goodwill in English English dictionary: A favorably disposed attitude toward someone or something; A concept used to refer to the ability of an individual or business to exert influence within a community, club, market or another type of group, without having to resort to the use of an asset (such as money or property), either directly or by the creation of a lien; The value of a business entity not directly attributable to its tangible assets and liabilities. This value derives from factors such as consumer loyalty to the brand; 1. a disposition to kindness and compassion; benign good will; "the victor's grace in treating the vanquished"2. (accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)3. the friendly hope that something will succeed; the friendly hope that something will succeed; An intangible asset that adds value to the worth of a company; for example, the reputation of its products, services, or personnel Listed in the assets category (sometimes as "Investments and sundry assets") on the statement of financial position See also asset, intangible assets, noncurrent assets; An intangible asset that exists when a business is valued at more than the fair market value of its net assets Goodwill is usually due to reputation, good customer relations, etc; is that intangible possession which enables a business to continue to earn a profit that is in excess of the normal or basic rate of profit earned by other businesses of similar type The goodwill of a business may be due to a particularly favourable location, its reputation in the community, or the quality of its employer and employees The evidence that goodwill exists is the proven ability to earn excess profits Goodwill is created on the books of a newly purchased company to the extent that the purchase price of the company is greater than the value of its net tangible assets; Goodwill is an intangible asset of a company The buyer of a business is often willing to pay for the good name of the business in addition to the value of its assets Goodwill appears on the balance sheet as the excess of the amount paid for the shares over their net asset value; The price paid for a company in excess of the value of its tangible assets, patents, and trademarks If you paid $200,000 for a business wherein the building and machines were the only assets and were worth $150,000, the remaining $50,000 would be "goodwill " It represents, in theory, the intangible value the business accumulated by its relationships with customers, etc Goodwill is amortized as an expense over a period of years, not to exceed 40; Goodwill represents the monetary value placed on a non-physical asset In acquisition accounting, goodwill represents the premium value placed on an intangible asset such as a brand-name, customer base, or management team Goodwill generally is calculated as the purchase price for a company over the fair market value of the assets acquired Due to new standards adopted by the Financial Accounting Standards Board (FASB) in 2002, Kraft will no longer be required to amortize indefinite life goodwill and intangible assets as a charge to earnings In addition, the Company will be required to conduct an annual review of goodwill and other intangible assets for potential impairment; Goodwill is a friendly or helpful attitude towards other people, countries, or organizations. I invited them to dinner, a gesture of goodwill They depend on the goodwill of visitors to pick up rubbish; The goodwill of a business is something such as its good reputation, which increases the value of the business. We do not want to lose the goodwill built up over 175 years. a charity organization in North America that helps people who have difficulty in getting jobs because they are disabled, cannot read or write, have been in prison etc. It gets money by collecting old clothes, furniture, and electrical equipment, which its members repair and sell in Goodwill shops; An Intangible Asset that arises when Assets are purchased for more than their Book or Fair Market value This "Intangible" value is written off over a period of between 4 and 40 years; Excess of purchase price over fair market value of net assets acquired under the purchase method of accounting; The value put on a business's customer base and organisation It is the difference between the total of the values of the individual business assets and the value of the business as a going concern; An intangible asset that provides added value to a company's worth, such as a strong brand, reputation or high employee morale Listed on the consolidated balance sheets; (accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets); The difference between what a company pays for another company and the book value of that company In the unlikely event of the book value being higher than the purchase price, then you get Badwill; An intangible business asset which includes a cultivated reputation and consequential attraction and confidence of repeat customers and connections; The going-concern value of a company in excess of its asset value; goodwill is considered an intangible asset Generally, it is the value of the business' good name, its customer relations, high employee morale, and other factors that might translate into earning power Nasdaq's calculation of net tangible asset value excludes goodwill (See going-concern value); An intangible asset that exists when a business is valued at more than the fair market value of its net assets, usually due to strategic location, reputation, good customer relations, or similar factors; equal to the excess of the purchase price over the fair market value (FMV) of the net assets purchased; That value attributed to a business that is not tangible, but arises from the reputation, expertise, service or some other intangible that attaches to the business and makes it have more worth than just the value of its assets; {i} benevolence, kindliness; ready willingness; intangible assets of a company (including a company's reputation, employee morale, etc.); The intangible assets of a business, but generally regarded as a combination of those factors that attract continued patronage Location and reputation are two examples Any value of a business over the net tangible asset value (depreciated value of plant and equipment) is often considered goodwill, if the business value is based on earnings See blue sky; The ability of a business to generate income in excess of a normal rate on assets due to superior managerial skills, market position, new product technology, etc In the purchase of a business, goodwill represents the difference between the purchase price and the value of the net assets Goodwill acquired after August 10, 1993, must be amortized over a 15-year period and is subject to recapture when the business is sold Amortization is computed on Form 4562; Goodwill is the excess of the purchase price over the fair market value of the net assets acquired In a purchase, buyers can play with this number for accounting and reporting purposes For example writing up assets and assigning value to intangible assets such as trademarks; Excess of the purchase price over the fair market value of the net assets acquired under the purchase method of accounting; an intangible asset that attaches to the successful operation of a business Favorable factors such as location, product superiority, service reputation, and quality personnel often generate goodwill; An intangible business asset It refers to the value of a business which has been built up through the reputation of the business concern and its owners (G); The amount paid in excess of the fair market value of the assets of a purchased company (b); In accounting, goodwill is any advantage, such as a well-regarded brand name or symbol, that enables a business to earn better profits than its competitors During an acquisition, goodwill value in excess of the acquired company's liquidation value is treated as an intangible asset Because this intangible asset has no independent market or liquidation value (unlike, say, a factory, which can be sold for cash), accepted accounting principles require that goodwill be written off by the acquiring company over a period of time - up to 40 years The process of writing off goodwill is called amortization Both depreciation and amortization expenses are subtracted from a company's operating revenues to calculate net income See "Margins " BACK TO TOP; Goodwill is an intangible asset of a company The buyer of a business is often willing to pay for the "good name" of the business in addition to the value of its assets Goodwill appears on the balance sheet as the excess of the amount paid for the shares over their net asset value; a disposition to kindness and compassion; benign good will; "the victor's grace in treating the vanquished"
goodwill gesture: act demonstrating one's good intentions or purpose
goodwill mission: service performed to improve relations, delegation sent to arouse friendly feelings (as in between countries)
Albert Goodwill Spalding: born Sept. 2, 1850, Byron, Ill., U.S. died Sept. 9, 1915, Point Loma, Calif. U.S. baseball player, executive, and sporting-goods manufacturer. Spalding played with the Boston Red Stockings and later the Chicago White Stockings; he served as president for the latter team (1882-91). In 1876 he and his brother founded, in Chicopee, Mass., the firm that, as A.G. Spalding & Bros., would become one of the premier American sporting-goods companies. He also founded the annual Spalding's Official Baseball Guide and wrote the history America's National Game (1911). He was elected to the Baseball Hall of Fame in 1939