BNET Business Dictionary
Business Definition for: Goodwill
an intangible asset of a company that includes factors such as reputation, contacts, and expertise, for which a buyer of the company may have to pay a premium.
Example: Goodwill becomes an intangible asset when a company has been acquired by another. It then appears on a balance sheet in the amount by which the price paid by the acquiring company exceeds the net tangible assets of the acquired company. In other wordsPurchase price – Net assets = GoodwillIf an airline is bought for $12 billion and its net assets are valued at $9 billion, $3 billion of the purchase would be allocated to goodwill on the balance sheet.
Wiktionary Definition for: Goodwill
- #a positive or altruistic attitude towards something
- # accounting 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.
- # business a concept used to refer to an individual or a business's ability 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.
Additional Resources
- Dell and Goodwill Launch Free Computer Recycling Service for Consumers in New Jersey and Philadelphia
- TRENTON, N.J. -- Reconnect, a free drop-off program to recycle unwanted computers, was introduced today by Dell (NASDAQ:DELL), Goodwill Industries of Greater New York and Northern New Jersey and Goodwill Industries of Southern New Jersey/Quaker City Goodwill.
- Research articles 2007-06-21
- Group Accounting: Associated Companies And Negative Goodwill
- This document contains detailed practical illustrations so as to to let the reader understand the concept of negative goodwill better. Negative goodwill may arise where an acquiring company, in determining the amount of consideration it is willing to pay for a business, takes into account the cost of post acquisition...
- White papers 2003-04-30
- Pool's Closed
- After all the shouting, the pooling-of-interests method of merger accounting is coming to an end with a whimper, not a bang. The predicted rush of firms launching pooling deals before the June 30 deadline didn't materialize. Generally, in fact, CFOs seem to be taking the loss of pooling in stride,...
- White papers 2001-07-01
- Goodwill Industries Says Second Chance Act Will Help Stop Criminal Recidivism; Applauds Senate Judiciary Committee for Taking Action.
- Byline: Goodwill Industries International Byline: Goodwill Industries International
- Research articles 2007-08-03
- Proposed IRS Form 990 Revisions Could Hurt Goodwill Industries; New Public Disclosure Forms Create Unnecessary Burden on Charities That Sell Donated Clothing and Household Goods.
- Byline: Goodwill Industries International Byline: Goodwill Industries International
- Research articles 2007-10-03
- Goodwill Industries Reaffirms Commitment to Fiscal Responsibility, Presents Views to Senate Roundtable on Charitable Governance.
- Byline: Goodwill Industries International Byline: Goodwill Industries International
- Research articles 2004-07-22
- When Succession is Not an Option
- Succession is an important issue for family business owners. Sometimes, however, succession within the family is not possible, and selling the business to an outsider is the most feasible solution. Goodwill is an integral part of a business's success. Every family business owner must determine what characteristics create the business's...
- White papers 2003-01-01
- Former Prisoners Need Jobs, Health Care and Family Support to Stay Out of Jail; Goodwill Industries Testifies Before Congress in Support of Second Chance Act.
- Byline: Goodwill Industries International Byline: Goodwill Industries International
- Research articles 2007-03-19
- Free Drop-Off of Unwanted Technology at Goodwill Launch Event 1-22-05; Good for the Environment and Job Creation, Good for You!
- Computer Recycling Day at Goodwill Los Feliz Store Saturday, January 22nd, Launches Goodwill Southern California Computer Recycling Services ...
- Research articles 2005-01-18
- Creating Goodwill -- And A Financial Boost For Nonprofits
- From the executive summary: ‘A healthy bottom line may be the main goal for companies, but tying their products to some worthy cause results in something that cannot be purchased: goodwill in the community. In the same way the public-private philanthropic partnerships come together to produce results that are beneficial...
- White papers 2004-06-11
- TBS has butterflies over Goodwill Games. (Turner Broadcasting System Inc. loses affiliates willing to carry coverage of sporting events)
- TBS Has Butterflies Over Goodwill Games TBS Has Butterflies Over Goodwill Games
- Research articles 1990-07-02
- Goodwill Urges IRS to Consider Alternatives to Proposed IRS Form 990 Reporting Requirements; Provides Sample Best Practices
- Goodwill Industries International is urging the Internal Revenue Service to consider alternatives to proposed revisions to its Form 990, a key public disclosure document used by charitable organizations. In a letter to the Internal Revenue Service, Goodwill Industries International provides examples of practices used by local...
- Research articles 2007-11-28
- Goodwill Industries, U.S. Department of Veterans Affairs Working for Disabled Veterans; Partnership Aims to Expand Employment Resources for U.S. Veterans.
- Byline: Goodwill Industries International Byline: Goodwill Industries International
- Research articles 2005-09-26
- AMA Phoenix Welcomes Katrina Thurman of Goodwill of Central Arizona
- The AMA will be welcoming Katrina Thurman, Vice President of Communications and Development for Goodwill of Central Arizona, as keynote speaker for their November luncheon. Katrina Thurman has been leading all communications efforts for Goodwill of Central Arizona since 2004. These efforts include marketing, public relations and corporate...
- Research articles 2007-11-14
- FASB decisions on treatment of goodwill
- At a public meeting in late December 2000, FASB announced a tentative decision that goodwill recorded on corporate balance sheets, arising from acquisitions completed prior to the date the board issues a final statement on business combinations, should no longer be amortized and instead should be accounted for using an...
- Research articles 2001-02-01
- Does $5 Buy You Any Goodwill?
- Does $5 Buy You Any Goodwill?Not all is how it appearsThis pay it forward challenge has also generated some bad feelings with employees. Last year the employees were allowed to keep the money. This year they are told they have to give it away. Wonder how much this will cost...
- Discussion threads 2007-12-26
- Goodwill Races to NASCAR With HT Motorsports at Atlanta Motor Speedway
- Goodwill Industries will make its NASCAR debut in the EasyCare Vehicle Service Contracts 200 on Saturday, October 28 at the Atlanta Motor Speedway. The HT Motorsports #59 Toyota Tundra decked out in 'Goodwill Blue' will feature the organization's well-known 'Smiling G' logo and highlight its mission of helping people...
- Research articles 2006-10-26
- Goodwill of Orange County Empowers Independence Through Leadership
- Goodwill of Orange County envisions a world where all individuals with disabilities and other barriers will have the opportunity to participate in a full range of life's experiences, including competitive employment. In support of this vision, Goodwill will maintain leadership in creating and providing quality education, training, and employment services...
- Research articles 2007-05-07
- Eastwood Insurance Partners With Goodwill of Orange County for a Workforce that Never Quits
- Goodwill of Orange County provides trained workers to meet the challenges of every business. They have assembled an eager, motivated workforce that can provide extra muscle to companies throughout the community by focusing on the details upon which every business is built. A Goodwill skilled workforce can perform the exact...
- Research articles 2005-08-22
- The Bon-Ton Stores, Inc. Rewards Customers for Cleaning Out Their Closets
- Clean out your closet between March 26 and April 7 and enjoy a reward from The Bon-Ton Stores, Inc., (NASDAQ: BONT) and Goodwill Industries. During the semi-annual Goodwill Sale , customers who donate clean, gently-used clothing and home textiles at participating locations will receive coupons...
- Research articles 2008-03-25
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