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Debating Accounting Principles and Policies: the Case of Goodwill, 1880-1921

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  • Julie Cooper

Abstract

Debate surrounding the publication of FRS 10 (ASB, 1997) in the UK displayed support for a variety of accounting policies for goodwill, advocated for a variety of practical and conceptual reasons. An analysis of papers written on goodwill between 1884 and 1921 explores whether this lack of unanimity is a recent phenomenon or not. The paper concludes that during this earlier period there were a number of areas of agreement regarding goodwill but, although a majority of authorities favoured a capitalise/amortise policy, there was a significant difference of opinion relating to its treatment once recorded in the accounts. Analysis also suggests that advocated policies were derived from a desire to promote and operationalise the principle of prudence.

Suggested Citation

  • Julie Cooper, 2007. "Debating Accounting Principles and Policies: the Case of Goodwill, 1880-1921," Accounting History Review, Taylor & Francis Journals, vol. 17(2), pages 241-264.
    • Handle: RePEc:taf:acbsfi:v:17:y:2007:i:2:p:241-264
    DOI: 10.1080/09585200701376568
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    Cited by:

    1. Baboukardos, Diogenis & Rimmel, Gunnar, 2014. "Goodwill under IFRS: Relevance and disclosures in an unfavorable environment," Accounting forum, Elsevier, vol. 38(1), pages 1-17.
    2. Atanasov, Atanas, 2019. "Последващо Оценяване На Репутацията – Преглед На Съществуващата Нормативна Уредба [Subsequent Evaluation Of Goodwill - Overview Of Existing Accounting Legislation]," MPRA Paper 95329, University Library of Munich, Germany.
    3. Ding, Yuan & Richard, Jacques & Stolowy, Hervé, 2008. "Towards an understanding of the phases of goodwill accounting in four Western capitalist countries: From stakeholder model to shareholder model," Accounting, Organizations and Society, Elsevier, vol. 33(7-8), pages 718-755.

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