Demystifying Goodwill In Financial Statements

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By James Leong

One item you will commonly find on the balance sheet of a public listed company is goodwill.To many non-financially trained people, this is a confusing term.


So let’s begin by first understanding the context or circumstances for goodwill to exist. In other words, when does goodwill arise?

Whenever one company buys over another company and pays a premium, a goodwill figure is calculated. This number is the direct consequence of a merger and acquisition activity.

For example, if company A pays $150 million to buy all the shares of company B, making B its subsidiary when B’s net assets are worth $100 million, the difference of $50 million is goodwill (You can refer to September’s newsletter to refresh your understanding on Group Structure).

The key is that it must arise from an acquisition activity resulting in a purchase of one company by another company in whole or in part.


As our example above shows, the acquiring company essentially pays for two types of assets–the net assets of the business and a premium value called goodwill.

Based on current accounting rules, the acquirer has to disclose the goodwill as a separate line. This is recorded as a non-current asset and classified as intangible, which means it does not have a physical form, unlike property, plant and equipment.


One way that people think about goodwill is that it represents the future profits of the company.More specifically, for a healthy and profitable company, it is expected to generate net cash flows in the future from its operations. These future cash flow streams constitute the value of the company.

When compared to the net assets in the balance sheet, the value of the company is normally higher.

This is because a healthy company is normally worth more than the value of its net assets. The reason is that management and employees of the company, when executing the right strategy, will be able to generate more value from using the assets than through a sale of the assets.


The question you may ask is, if this is so, shouldn’t every company have a goodwill figure?

The answer is yes and no.

Yes, in that it should have a goodwill number. No, in that it cannot be explicitly placed on its own balance sheet. Current accounting standards specifically bar companies from putting their internally generated goodwill on their own balance sheet.

This is because of the subjectivity involved in valuing a company’s goodwill.

Hence, the goodwill you see on a balance sheet today refers only to goodwill that is purchased through the acquisition of another company.


Purchased goodwill is subject to an annual impairment test to see if the value is worth at least what was recognised at the point of acquisition.

In the past, goodwill used to be amortised over an arbitrary useful life of not exceeding 20 years. However, much support has been given to the view that goodwill has an indefinite useful life, which may be much more or less than 20 years. Hence current accounting standards have dispensed with the need to amortise goodwill, and instead requires an impairment review.

A major impairment shortly after an acquisition could signify that the acquiring company might have been too enthusiastic in its forecast of the future potential of the company which resulted in overpayment and hence a writeoff as an impairment charge.

About the Author:

James Leong

C. Foo , Chartered Accountant, is the managing director of VisionsOne Consulting Pte Ltd. His highly popular workshop, Finance for Non-finance Managers, coaches managers and executives on using financial numbers to drive their business better. James can be reached at or


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Effective Natural Gout Remedies

Effective Natural Gout Remedies


Meredith Walker

Gout is a form of arthritis that is caused by high levels of uric acid in the blood. Because of the concentration of uric acid, this enables uric acid crystals to form. These crystals end up lodged in the joints, which causes inflammation and pain – the characteristics of attacks of gouty arthritis.

Treatment of gout is two fold: first, the immediate attack of arthritis has to be dealt with. This is achieved using a selection of approaches to relieve pain and reduce inflammation. When the present attack of arthritis is dealt with, treatment continues with solutions to lower the amounts of uric acid in the blood so as to prevent the formation of uric acid crystals, and prevent future attacks of gouty arthritis.

A number of effective gout remedies are offered to treat the attacks of gouty arthritis. These are a few of the more generally used, and easily implemented natural remedies for gout:


1. Ice – using a cold compress may help in easing the pain brought about by this disease. This can be achieved by putting ice cubes in a plastic bag or towel, then applying this to the affected area. This can bring about quick but temporary relief of the pain and inflammation.

2. Hot water – if a cold compress does not work, a hot or warm compress may relieve the tenderness and pain. A clean washcloth submerged or soaked in a bowl of hot or warm water may be applied directly to the affected region to provide relief.

3. Vinegar – this another natural remedy for gout, often included in many folk remedies as well. Combine enough vinegar in a bowl of hot, or cold water, then apply a compress to the affected area using this mixture.

4. Epsom salt – this salt is proven to relieve pain as it contains magnesium that can help in the circulation of blood in the body. It may also help relax an individual, lowering blood pressure and stress as well.

5. Exercise – doing some exercise might help bring back the mobility of the affected area. It may also help in the correct circulation of the blood. Regular moderate exercise is also advised in order to prevent future attacks of gouty arthritis.

Other gout remedies are also available in order to lower uric acid levels. Herbal remedies such as black cohosh could be effective for this, though just about any herbal tea can also be helpful. Those with gout should also take note of ways to change their diet and lifestyle in order to promote better health.

A final, fast and simple natural way to decrease the levels of uric acid is to drink a lot of water! This helps the body get rid of excess uric acid, and will also help lubricate the body’s joints.

Gout can be very difficult to live with, but with the use of proper

Gout Remedies

and discipline to change diet and lifetsyle, it is possible to overcome it. Learn more about the different gout remedies and how to use them effectively by checking out


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Are You Interested In Becoming A Dentist?

By Wakeman Buage

Dentistry is one of the most respected professions in the world. Dentists are primary health care service providers. In order to become a Dentist, you have to undergo several years of intensive education and training.

To become a Dentist, you have to attend a special school dedicated to training Dentists. However, you can only enroll after the completion of the BA degree. Dentistry school takes about 2 or 3 years to complete. Once you have successfully completed the education and training, you have to be issued with a license in the state, in which you want to practice by the local health department. Because Dentists work in the medical field, it is a highly regulated profession due to its impact on people’s health.

The basic Dentistry training enables you to be a general practitioner Dentist. But, many people continue their education and training, in order to specialize in particular disciplines within Dentistry. These disciplines focus on particular areas of Dentistry, and specialized Dentists are more skilled than general practitioners. In fact, general practitioners will refer patients to the specialized Dentists, when the need arises.

Some of the areas of specialization include:

Paediatric Dentist:


These Dentists are trained to treat infants, toddlers, children and teenagers. Their education syllabus includes child psychology. This is because, a great deal of emphasis is placed on the mental, emotional and psychology of children and not just on their dental and oral health care. This is an excellent career path for people who want to work with children.

Sedation Dentist:

These Dentists are tasked with assisting people, who have phobias of visiting the Dentist, or people who are not able to receive anaesthesia for whatever reason. They use different drugs to sedate the people. This is done in several ways including giving the medications to ingest orally, or using gases to inhale, or pills to insert through the rectum, as well as IV’s.


These Dentists use different devices to place pressure on the teeth in order to straighten and align them. Some of these devices include the traditional metal braces and the newer Invisalign. Orthodontists are one of the more popular types of Dentists, because many people with crooked teeth want to have them straightened.

Oral Pathologists:

These Dentists specialize in oral infections and diseases. Many of these Dentists focus their work on doing research into better understanding oral conditions and how best to treat them. This is an excellent option for people, who enjoy learning and problem solving, and are not too keen on interacting with many different people on a daily basis.

Cosmetic Dentists:

Cosmetic Dentists provide people with a number of different treatments, aimed at improving the aesthetic appearance of their teeth. They are most popular Dentists and they do not actually treat any dental or oral health issues.

Dentistry is an excellent career path to choose, because there are so many different areas in which one can focus. The different specialties cater to people with different interests and strengths. But, if you want to be a successful Dentist, you should have a passion for learning. This is because like Medicine, there are always new treatments, technologies, knowledge that is added to the profession.

It is also an excellent career choice, because people will always be in need of Dentists and it will never become a redundant profession. In fact, statistics have shown that employment of Dentists will continue to grow for the next couple of years, so this is an excellent time to qualify. Also, Dentists can become comfortably self-employed. The average income of a successfully self-employed Dentist in the United States is just below $150, 000 per annam.

About the Author: Finding the best

Cosmetic Dentist

to take care of you, especially those near to you is easier online.

Click here for Beverly Hills Cosmetic Dentist



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6 Must Include Attractions In Itinerary To Make Jordan Tours Unforgettable}

6 Must Include Attractions in Itinerary to Make Jordan Tours Unforgettable


Mustafa Nofal

From prehistoric, man-crafted monumental wonders to modern Islamic cities, magnificent desert setting to luxurious beach resorts, the Arab country of Jordan is full of amazing diversity and account; all wrapped within a Middle East country same in the size of Maine. The fascinating culture of warm hospitality is deeply rooted in its Bedouin lifestyle. It all started out with a mission of survival, and everyone passing through the merciless desert was treated as a guest. Even if most of Arabian Bedouins in Jordan can be seen in semi-nomadic traits these days”and they tend to show up in a vehicle rather than on a camel. Jordanians are no doubt among the most cordial and openhearted of hosts, and the desert kingdom is one of the safest destinations for tourists. For unforgettable Jordan tours, below are mentioned a few iconic locations that you can choose to be part of your itinerary.

1.Petra (Rose-Red City) – Lying in an isolated valley enclosed by Jordans rocky mountains, Petra was out of sight in the world for centuries. After its rediscovery in 1812, this lost city is now recognized as Jordans top attraction and has the reputation of a UNESCO heritage site. On Jordan tours, you will have to move through a 1.2km long gorge, called the Siq to reach the city of Petra. The rocks will lead your way to the unimaginable facade of Al Kazneh (the Treasury of Petra), which depicted as a royal tomb, but derived its name from the myth that the treasure of pirates was kept hidden there. It also featured in many movies including Arabian Nights and Indiana Jones.

2.Amman – Apart from being the national capital, Amman is continuously inhabited oldest cities in the world. It shows a great assortment of cultures like the Persians, Assyrians, Romanians, and Macedonians, etc. Now, Amman is one of the versatile cities of the Middle East buoying with a modern infrastructure and a flourishing tourism sector. The city attractions go beyond the Roman Citadel and Theatre, the Al-Husseini Mosque and the Gold Souq to keep you engaged for more than a couple of days while going on a Jordan tour.

3.Jerash – In the north of Amman is Jerash, one of the finely-preserved Roman inhabited cities in the Middle East, though archaeological excavation has confirmed of people living here since the Bronze Age. Jerash experienced a great rise after the Romans captured and ruled on it. It would be impressive to visit the excavated sites including the oval-shaped forum, the arcaded main street, the Hippodrome and the fascinating curve of Hadrian which accounts for only a quarter of the whole city area.

4.Wadi Rum – Wadi Rum is the huge desert Valley towards the south of the Aqaba which resembles like the surface of the Moon rather than that of Earth. Dont miss the opportunity for an overnight stay in a clean and comfortable Bedouin camp and feast on appetizing grilled meats and local cuisines while on a Jordan tour. You can prefer to have a camel ride and see the sun rising in Wadi Rum that will be a cherished memory forever.

5.Castles – There are plenty of castles in the harsh desert landscape of Jordan that will amaze you beyond expectation. Once serving as a desert house to wealthy or sanctuary for crusaders or posh bath houses dedicated to the cause of nobility, these crumbling structures are a reminder of the precious history of Jordan.

6.Dead Sea – The Dead Sea is not just a mythical spot in Jordan history but also the lowest land with a hyper-saline atmosphere in the world. You can put on mineral-rich mud Dead Sea mud from top to bottom and take a bath once it gets dry. It will be fun to keep floating on the salty lake water due to its high salt content.

There are many private tour operators offering great packages to make the most out the Jordan tours with sightseeing cultural destinations, architectural structures, the crusader castles, desert dunes, and much more. With a precise plan of your Jordan tour, they will allow you to enjoy attractions matching your individual requirements preference and budget. Make sure you select the operator working on the finest itinerary and ensuring the convenience of transportation and accommodation for your Jordan tour.

This post is written by Jordan Private Tours &Travel that has been offering standard and personalized Jordan tour packages with a focus on making them the most memorable sojourn for tourists. Whether you want to book day tours, group tours or tailor-made

Jordan tours

, contact Jordan Private Tours &Travel on +962-79-5022001 for an excellent experience.

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Diwali Celebrations In Thane

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Submitted by: Ravindra R. Yadav

Diwali festivals always bring new and fresh excitement among people. It is being more than 20 years we have been staying in Thane and I remember all these years Diwali celebration. We just wait for this festival as it is time when we can channelize all our sources to decorate our home with lanterns and LED lights. Few years back we didn t had this LED lights for decorating, we used to make our own lanterns with paper and other easily available materials. We were young then and kids of our age were given a task by our parents to help them out by helping them in preparing sweets and cleaning house. We always look forward to get ourselves dress in new cloths which our parents used to bring us in every Diwali.


Waking up early in the morning was a big task for us during our school days but for Diwali celebration we would be the first to wake up and get ready. We were eager to put on our new cloths and start celebrating Diwali with lots of crackers. After two to three hours of this excitement, we kids used to go to temple. After our visit to the temple, it was time to visit our friend s house. The reason we loved this thing was that we used to get different types of sweets and snacks from their house. This was my fondest memory of Diwali Celebration in Thane from my childhood. Nowadays, Diwali Celebration has not that much fun as there is air and noise pollution. It is true that pollution has rise to such level that people are affected by this pollution every year. Now let us come to the reason as why Diwali festival is celebrated. It is celebrated to mark the victory of Good over Evil and Light over darkness. We should know that good always prevails over evil. I miss those years when my father used to select and bring his choice of cloths for me. I used to love and flaunt it everywhere. Now it s my turn to give all things back and it gives me lots of pressure as I m unsure whether my parents would love my selection. I also remember one special Diwali celebrations in Thane when one of my friend accidentally burned by new cloths. I was so angry that I came home running and I refused to speak to him for at least a week. It was only after my father altered the cloths I was happy and I didn t even realize that I had a fight with that guy.

The point is that if someone does the same now we don t have that value attached to the cloths. We just think about the money and I can say that slowly we are being more practical than emotional. Being practical even has its own advantage but it is not our culture to be practical. Anyways I wish each and every one of you a safe and happy Diwali 2012.

About the Author: Ravindra R. usually loves to write about places, hotels and resorts to visit in India. He also is an avid reader of travel blogs. For more information visit our website


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How Home Health Care Assists With Pediatric Nursing And Speech Therapy Ct Needs

How Home Health Care Assists with Pediatric Nursing and Speech Therapy CT Needs


rickey mayfield

When children face tough illnesses or injuries, the most pressing thing on parents minds after getting them back to health is to get them home as quickly as possible. Nothing is more stressful on a family than being separated from their child or having to stay in the hospital for weeks on end while their child is receiving treatment.

Pediatric nursing home care is designed to help parents bring children with complex medical conditions home where they can be comfortably with family while also getting the quality care they need. Serious conditions require pediatric nursing care that is technologically comprehensive enough to deal with premature babies, childhood diabetes, jaundice and heart conditions. When first evaluating a familys home care needs, pediatric nursing

services look at the familys support system and determine a treatment plan that will best work for the child and family needs. They offer case and medication management along with assessments of growth, development and nutrition. Private duty nurses can attend the child part or full time as needed including respite care to relieve parents or in the evenings while parents rest.


But home health care professionals can handle more than pediatric nursing needs. They are also able to assist patients of any age that have suffered from strokes or accidental injury that need speech therapy. Recovering communication skills after a stroke or accident requires professional speech therapy CT services that specialize in assessing and providing treatment to aid patients in regaining their cognitive thinking skills and communication after these devastating conditions. Speech therapy CT allows these types of patients to improve their life quality and when successful regain their ability to live independently. So whether a family is dealing with pediatric nursing health needs or speech therapy CT services, home health care agencies

are able to provide personnel with the education and expertise to fully support families in their quest for health all from the comfort and safety at home with their child or family member. By working with the physician, registered nurse and licensed therapists, families can expect that home health care offers the best opportunity to spend as much time with their child or loved one while also ensuring that the quality of that care is of superior quality.

Home health care agencies that specialize in

Pediatric nursing

care have the trained specialists needed to take care of all manners of childhood health conditions.

New England Home Care

also can assist families with speech therapy CT services should an injury or stroke cause damage to communication skills.

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How To Start An E Commerce Site

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This gives a very obvious advantageto those who operate e-commerce websites, as it means more business for them.However,there are certain things that you need to do before you even start buildingyour web store.Here are some of them:Think of The Merchandise that You Will beSelling There are a variety of things that you can sell online.Think about whatyou want to sell.For example, you can build a store that sells clothing andaccessories.Or you could create one which sells mobile phones.It is notrecommended to start a variety store which sells pretty much everything, suchas dog sweaters and car headlights at the same time.According to many BostonInternet Marketingexperts, such a site would be very difficult to market.If youwant to sell different categories of products, you can create more than onee-commerce site.Get a Source for Your Merchandise You would obviously need toget suppliers for the merchandise that you intend to sell.However, thanks tothe internet, these are relatively easy to find.There are plenty of websitessuch as where you can find wholesalers that carry various items forsale.They offer very low prices if you buy in bulk, which allows you to make adecent profit.Get all The Necessary Services to Power Your Store The firstthing that you will need for your web store would be a web hosting provider.Itis recommended that you take a close look at all available web hosting optionsfor your site.You would also need a payment processor as well as a shoppingcart interface.However, many payment processors provide complete e-commercescripts that take care of all aspects of the checkout process.Think of How YouWill Market Your Web Store One of the most common ways of marketing ane-commerce site would be to use search engine optimization.A Boston SEOcompanycan help you make your website rise through rankings on various search engines.Ofcourse, SEO is not the only way to get the word out about your site.Since doingSEO the right way is a rather time consuming process, you should also employother methods to market your site in the meantime. It is possible for you touse social media marketing, pay per click advertising as well as media buyingto get some good quality traffic to your e-commerce website.You may take theinitiative of handling the marketing by yourselfFind Article, or you cansimplify things by hiring a Digital Marketing Agency to do things for you.

Emergency Dentist Chicago Loop

byAlma Abell

Is it time to seek dental help? Here’s what you need to know


Whether you have a regular dental provider or not, there are several things you need to know about getting emergency dental treatment. Emergency care is essential if you are injured and if there is trauma sustained to your teeth. Your teeth are very sensitive and should they be knocked loose, chipped, or knocked out completely, it’s vital that you seek professional care as quickly as possible. An emergency dentist in the Chicago Loop can help guide you and offer the care you need to move forward as efficiently and healthily as possible. Here’s what you need to know.

Accidents and emergency teeth issues can happen to anyone. Maybe you were playing ball and it hit you in the face. Perhaps you were chewing on a piece of chicken and accidentally bit a bone. Maybe you have a dental filling that was jolted loose. No matter what happens, the right emergency dentist in the Chicago Loop can help minimize the damage when you reach out quickly. Receiving prompt care can help protect your teeth and ensure that you’re able to proceed forward as quickly as possible.

When you’re ready to get the care and the treatment you need, don’t wait to reach out. Call Pure Dental Spa to schedule an appointment as soon as possible. The team would be happy to help you with your problems and can offer advice on how to handle your injury in the meantime. You may also visit to find out more about the services and options for healing that are available to you. Remember that no matter what incident or problem you’re dealing with, the right medical team can help you move forward. Call right away to find out how the team at Pure Dental Spa can help you.

Hipaa Training And Adherence In Medical Call Centers

HIPAA Training and Adherence in Medical Call Centers


Kurt Duncan

Since the law was enacted, HIPAA training has become mandatory in medical call centers. Of course, the more measures a company takes to safeguard the integrity of your information, the better. Good ones will refresh their employees training on these regulations from time to time, and evaluate their adherence on a regular basis. Those employees should also be required to sign legally binding confidentiality agreements. There should also be other security measures in place. Many of those measures make use of various technologies in order to make your patients’ information safer. Let’s take a look at a few examples of that.

One of the technologies designed to safeguard all of that sensitive medical information has to do with how information is transmitted to you after one of your patients calls in. Unless that information is transmitted securely, it can easily be compromised at this crucial point. Therefore, the use of a secure smart phone application for this type of messaging would be most beneficial. Such a system has another important benefit, too. By not using your cell phone’s text messaging service, the call center can track whether or not you’ve read your messages. That way, they can try other means to contact you if, for example, your cell phone’s battery is low.


The benefits of this type of secure messaging system go even further than that, too. For example, you’re able to update your own status within the system. Our operators will know if you’re in surgery or are otherwise unavailable. If you lose your phone, the app can be locked down, thus protecting you from a potential violation. It works both ways, too. You can transmit encrypted messages either back to the call center, to other employees in your office, or to one of your other medical partners. The best part is that all of these tasks can be carried out in such a way that is one hundred percent HIPAA compliant.

As you’ve seen, HIPAA training itself is just one component of maintaining compliance. In addition to the steps we’ve already outlined, a secure premises is also necessary. Access to the facility itself should be limited to employees only via a key code or pass card system. Before any documents leave such a facility, they should be completely destroyed. Secure digital storage should be utilized, and backup generators should be available in the event of a power failure.


is a leading provider of

medical answering services

and telemessaging services. MedConnectUSA has been serving the health care industry since 1991. MedConnectUSA handles routine and emergency calls for the medical industry only and all calls are answered by HIPAA trained, US operators.

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HIPAA Training and Adherence in Medical Call Centers

Queen Elizabeth II arrives in Australia for 15th visit

Monday, March 13, 2006

Queen Elizabeth II

Queen Elizabeth II and Prince Phillip arrived in Australia yesterday for a five-day tour which includes the opening of the 2006 Commonwealth Games in Melbourne, the Queen’s 15th visit of her reign and her first since 2002.

Their tour began when they landed at Fairburn Air Force Base in Canberra where they received a state welcome, attended by Prime Minister John Howard, Governor-General Major General Michael Jeffery and several hundred well-wishers. The couple accepted flowers and chatted with the crowd for a few minutes before being driven off in a black Rolls Royce.

The Queen and Prince Philip spent last night at Government House before beginning official duties in Sydney today. In Sydney, they will officially open the new colonnade of Sydney Opera House and receive a 21 gun salute.

Republican campaigners have used the occasion as an opportunity to reopen the republican debate.

“While the queen is held in great affection by the Australian people, many Australians recognize that it is no longer sensible for us to have a citizen of another country, who visits Australia only occasionally, as our head of state,” said Allison Henry, national director of the Australian Republican Movement.

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