Goodwill
Goodwill is an intangible asset that arises when a company acquires another for more than the fair value of its net assets. Goodwill reflects brand reputation, customer loyalty, or other non-physical assets. It’s tested regularly for impairment and doesn’t depreciate like tangible assets.
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Gain on Sale of Asset
Gain on Sale of Asset refers to the profit realised when a fixed asset is sold for more than its…
Green Accounting
Green accounting, or environmental accounting, integrates environmental costs into financial reporting. It tracks expenses and benefits related to sustainable practices,…
Gratuity
Gratuity is a statutory payment made by employers to employees as a reward for long-term service. It is typically paid…
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