The Nature Of Goodwill、Excess Earnings And Ohlson Residual Income Model

Goodwill is an accounting scholars are the subject of debate, whether it is the goodwill of the goodwill nature of qualitative or quantitative measurement issues, and so far there’is no unified convince conclusion. There are numerous theory in the nature of goodwill, Such as Favorable Attitudes Concept, Intangible resources theory, Synergistic effect theory, Excess Earnings Concept and Master Valuation Account. There are Direct measurement and Indirect measurement method in the measurement of Goodwill. Face of isolated theoretical system, to find a better measurement method and organic theory framework, it makes sense. This is exactly in this article to answer.On the basis of the systematic review of the goodwill nature and measurement of relevant literature, this paper finds that the Excess Earning Theory and Direct Measurement Method to further expand the theory of space. Introduced and analyzed on behalf of Measurement Perspective of the Ohlson Residual Income Model, described the relationship between the excess earnings and residual income, the establishment of the contact of the goodwill and Ohlson Residual Income Model, under the assumption of the linear Information Dynamics. Converted to the traditional needs of discounted sum of goodwill direct measurement method, a current formula, in order to challenge the prevalence of the Indirect Measurement Method. This formula the focus, combined with the decision usefulness of accounting objectives, accounting treatment, nature of goodwill and measurement of goodwill, try an organic goodwill Theoretical Framework to provide a thinking of new ideas for goodwill related issues. And this analysis framework, exemplary empirical studies.The full text is divided into six chapters, the specific content is organized as follows:The first chapter is an introduction. The second chapter is a literature review. The third chapter is the derivation of the Residual Income Model. The fourth chapter discusses the measurement methods for goodwill under the Residual Income Model and the establishment of an analytical framework of goodwill. The fifth chapter is an exemplary application of the goodwill of the analytical framework. The last chapter is the full text of the conclusions and outlook.Through the full text of qualitative and quantitative analysis, the following conclusions:(1) Under the assumption of Residual Income Model, goodwill=current residual income+operating assets;(2) There are four factors that affect value measurement of goodwill, they are Residual income, Operating assets, Non-accounting information and Accounting Conservatism;(3) The current disclosure of goodwill has a positive correlation for value, but there are not representative of the ability of the excess return of impurities.