Goodwill - Impact of the adoption of PAS 26 On EPS.
Chia Kuan Wee, Chow Siew Kong, Shio Ling Yen
Date of Issue1997
College of Business (Nanyang Business School)
Despite the development in accounting theory and the substantial amount of literature written on the accounting for goodwill, accountant around the world have not agreed on a common treatment for goodwill. In an attempt to harmonize the accounting practice for goodwill, the Institute of Certified Public Accountants of Singapore (ICPAS), following the move of the International Accounting Standards Committee (IASC), issued Provisional Accounting Standard (PAS) 26 restricting the accounting policies allowed for goodwill. However, in December 1995, the ICPAS decided to withdraw the PAS.
Final Year Project (FYP)
Nanyang Technological University