Valuation of goodwill often comes about in the context of business selling price allocation. In the past, business goodwill was one of the intangible assets recorded on the books when the company changed hands. This acquired asset was then amortized over time. The new rules of handling goodwill have been published in 2001 by the… Continue Reading
Most professional business valuations these days are done in compliance with the Uniform Standards of Professional Appraisal Practice, or USPAP for short. The USPAP standards have evolved to keep pace with the changing demands of the appraisal profession. The requirement for reliable, defensible, and transparent business valuation has led the USPAP standard authors to develop… Continue Reading