FRS 10 - Goodwill and Intangible Assets
13 September 2012
An article exploring the Accounting Standard FRS 10
FRS 10 became effective in December 1998 and replaced SSAP 22 issued in 1984. It was the result of a lengthy debate, which included not least the criticism, that SSAP 22 allowed such wide variety of accounting treatments of goodwill.
The standard defines purchased goodwill as "the difference between the cost of an acquired entity and the aggregate of the...