How to factor in goodwill
The creation and amortisation of
goodwill is now available for consolidations.
The process uses the record type
of Other fixed Asset.
- In the parent forecast, under Fixed Asset, add a new Other Fixed Asset record called "shares” , this records the value spent
on the shares of the subsidiary.
- In the consolidation, click Goodwill from the consolidation menu and the screen will display the other fixed asset records on the left.
- Then you select the subsidiary
that is that investment and the net asset value, then the goodwill value is displayed.
- We then eliminate the value of the
asset against the investment the difference being recorded as goodwill.
- A new record is added to the system records. This can then be amortised (depreciated) at a rate or manually
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