Accounting for Goodwill

This book provides an illuminating analysis of Internally Generated Goodwill from a strategic point of view.nbsp;The authornbsp;launchesnbsp;his strategic analysis from a foundational understanding of Internally Generated Goodwill as determined largely in relationship to intangible resources and competitive differentials. Arguing that intangible resources are at the origin of competitive differential--and accordingly at the origin of the achievement of economic profit--the author...
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This book provides an illuminating analysis of Internally Generated Goodwill from a strategic point of view.nbsp;The authornbsp;launchesnbsp;his strategic analysis from a foundational understanding of Internally Generated Goodwill as determined largely in relationship to intangible resources and competitive differentials. Arguing that intangible resources are at the origin of competitive differential--and accordingly at the origin of the achievement of economic profit--the author showsnbsp;how Internally Generated Goodwill can be considered as the economic expression of competitive differentials and, therefore, as the expression of the greater firm's value that originates from those differentials.

In addition to offeringnbsp;this innovative theoretical framework, the author develops a variety ofnbsp;practical tools fornbsp;generatingnbsp;value estimates and value breakdowns of IIG.nbsp;The masterful analysis provided herenbsp;focuses onnbsp;developing methodsnbsp;fornbsp;identifying the elements that compose IIG and onnbsp;achieving an accurate estimate of its value, ultimatelynbsp;seeking to evaluate the limitations and advantages of the existing variety of approaches to analyzing the constituent parts of IIG and to devisenbsp;accountingnbsp;practicesnbsp;that will help academics and professionals alike to obtain more significant and lucid results.