A Study on Goodwill and its Treatments in Accounting

The issue of goodwill being an intangible asset is controversial in accounting field in the world. Treatment of goodwill after recording it in the consolidated financial statements is very complicated so there are some techniques to avoid, alter and adjust it. That is why the issue of true and fair presentation of goodwill and its treatment is concern. Based on the desk review, this paper presents, discusses these issues and gives some comments its treatment in order to having a true and fair value of goodwill in the consolidated financial statements of reporting firms in the world and Vietnam as well.