4 ms·
In accounting, "goodwill" has a specific definition which takinola correctly gave. It is IMO poorly named, since it has nothing to do with what "goodwill" means
by gweinberg 2y ago
In accounting, "goodwill" has a specific definition which takinola correctly gave. It is IMO poorly named, since it has nothing to do with what "goodwill" means outside of accounting. The amount of "goodwill" a company has on its books has nothing at all to do with what a layman would think of as "good will".