Definition of Goodwill:
Assumed value of attractiveness that generates revenue in the company and increases its equity. Goodwill is a reckless but marketable asset that is almost indistinguishable from distrust. It has been carefully built over the years, typically (1) high and sustainable advertising costs, (2) establishing and maintaining long-term relationships with customers and suppliers, (3) high quality products and services, And (4) quality management and employee behavior. Goodwill recognizes the importance of corporate identity and is reinforced by a corporate image and a proper place. The amount is not listed in the accounting, but is considered when the contract is sold and the sale price of the contract reflects an amount that exceeds the equity of the contract. In established companies, capital can often be their physical asset. GAAP is required to borrow goodwill payments from commercial buyers from time to time (usually 10 to 30 years) for financial reporting purposes.
The calculation of goodwill is quite simple in principle, but in practice it can be very complicated. To determine goodwill using a simple formula, take the purchase price of the company and subtract the net market value from its identifiable assets and liabilities.
Goodwill is an immovable asset that is linked to the purchase of one company by another. In particular, goodwill is the portion of the purchase price that exceeds the total fair value of all assets acquired during the acquisition and assumed liabilities. Company brand equity, strong customer base, good customer relationships, good employee relationships and proprietary technology are just some of the reasons for goodwill.
Synonyms of Goodwill
Philanthropy, Patronage, Greatheartedness, Good name, Charitableness, Willing ear, Unreluctance, Good graces, Responsiveness, Favorable disposition, Caritas, Good terms, Favorable regard, Sympathy, Mutual regard, Consent, Well-disposedness, Compliance, Eagerness, Aegis, Willingness, Amity, Generosity, Favorableness, Cheerful consent, Right mood, Custom, Helpfulness, Expedition, Good understanding, Benthamism, Gameness, Zeal, Abetment, Docility, Christian love, Benevolentness, Agreeableness, Welfarism, Promptness, Sponsorship, Regard, Benevolence, Forwardness, Kindliness, Friendliness, Favor, Brotherly love, Amenability, Tutelage, Promptitude, Willing heart, Zealousness, Auspices, Repute, Altruism, Alacrity, Guidance, Largeheartedness, Respect, Interest, Kindness, Cooperativeness, Pliability, Friendship, Rapport, Fosterage, Ardor, Love of mankind, Christian charity, Care, Receptive mood, Harmony, Friendly relations, Do-goodism, Beneficence, Fellow feeling, Charity, BOMFOG, Enthusiasm, Readiness, Seconding, Bigheartedness, Comity, Benevolent disposition, An in, Dispatch, Championship, Ungrudgingness, Receptivity, Humanitarianism, Trade, Philanthropism, Pliancy, Advocacy, Unloathness, Tolerance, Backing, Love, Giving, Utilitarianism, Grace, Flower power, Countenance, Receptiveness, Acquiescence, Encouragement, Tractability
How to use Goodwill in a sentence?
- New business owners are satisfied with their high level of goodwill, as it is easier to maintain rather than win over customers.
- Companies should review the amount of goodwill in their financial statements at least once a year and record any damage. Goodwill differs from other immovable assets in that it has a permanent useful life, while many other immovable assets have a limited useful life.
- Elements of goodwill are special or intellectual property and brand awareness that cannot be easily understood.
- Goodwill is an invincible asset that represents an increase in purchases from another company.
- Your good intentions will come back to you one day. Maybe you treat other people well and do what they want you to do.
- Goodwill is determined by buying the company's value and bridging the gap between the fair value of assets and liabilities.
- The company is a goodwill giver, so the exchange was rewarded without a receipt, for which I am very good and grateful.
Meaning of Goodwill & Goodwill Definition