These expressions are used in valuations, business operations and financial reports and are described here to assist in standardized use.
- Goodwill correspond to the additional amount paid by a company above the sum of the values of its identifiable tangible and intangible assets that can be sold separately. Usually the assets that cannot be sold separately are: reputation, know-how, synergies, future technologies, workforce and the advantage of the thing done.
- Going Concern is a premise in the evaluations that considers the company in operation, at least, for the term that the financial projections were made. The projection period depends on market analysis and company characteristics and varies from one year to perpetuity.