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Liburkina L. M.

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Recognition of Internally Generated Goodwill as an Identifier of the Valuation of Intangible Assets in the Management Accounting System of Enterprise
Labunska S. V., Sobakar M. V.

Labunska, Svitlana V., and Sobakar, Marharyta V. (2022) “Recognition of Internally Generated Goodwill as an Identifier of the Valuation of Intangible Assets in the Management Accounting System of Enterprise.” Business Inform 6:64–77.
https://doi.org/10.32983/2222-4459-2022-6-64-77

Section: Accounting and Auditing

Article is written in Ukrainian
Downloads/views: 2

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UDC 659.126

Abstract:
The aim of the article is to analyze the existing methods of goodwill valuation and determine the possibility of their application in relation to the identification and recognition of internally generated goodwill as an accounting object and an information basis for effective management of the assets of enterprise. As a result of the analysis of regulatory documents and scientific works of scholars on the exitant valuation methods, the main approaches to the conception of value characteristics were considered, the advantages and disadvantages of their application were allocated, and recommendations for the assessment of internally generated goodwill were provided. As a result of the study, global trends in the accumulation of internally generated goodwill were analyzed, its economic essence and role as an identifier of intangible assets in the management accounting system were considered. The main elements of internally generated goodwill are allocated in accordance with the sources of its formation, which will become the basis for the development of a methodology for its assessment. The accounting and expert directions of assessment of internally generated goodwill are considered, in terms of which the essence, advantages and disadvantages of methods are analyzed, and the possibility of their application to the elements of goodwill is highlighted. It is noted that none of the methods is universal and cannot fully ensure the efficiency of the management of internal goodwill. It is proposed to conduct a comprehensive assessment of internally generated goodwill using various methodologies. As the main ones, methods of additional profit and of profit advantages are proposed, for which the calculation procedure is provided. It is recommended to combine calculation methods with empirical ones based on expert conclusions to increase the objectivity of the input data and the results obtained. Prospects for further research are to develop a detailed system of elements of internal goodwill based on the proposed general approach, methods of their identification and evaluation, and the formation of a system of estimated indicators of such intangible resources.

Keywords: assets, internally generated goodwill, identification, intangible resources, valuation.

Fig.: 2. Tabl.: 3. Formulae: 2. Bibl.: 17.

Labunska Svitlana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Accounting and Business Consulting, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]
Sobakar Marharyta V. – Postgraduate Student, Department of Accounting and Business Consulting, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

List of references in article

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