credit, loan, credit loans, loans credit
The Superintendencia de Valores in the Circular outer Nº 003 of 13 February 2002 banned from publication, the accounting register of the goodwill formed internally by the same economic entity. Therefore, forbade the accounting register of the mercantile credit product for the estimation of future earnings in excess of normal, or estimate of the advance assessment of the potential of the business. The Superintendencia de Valores disposed of within four (4) years to adjust the financial statements by those who have in their accounting records formed goodwill; that is, until the close of the fiscal year of 2005.
We have to warn, however, that 1605 of the single Plan of audit – PUC allows, also, according to his description, the registry debit of the value of goodwill made by the economic entity by the estimation of future earnings in excess of normal, as well as the advance assessment of the potential of the business; with credit to 3215 merchant credit account, which is an equity account.
The cost of disposal of incorporeal property trained in tax regulations.
Article 75 of the tax statute establishes that the cost of incorporeal goods formed by the taxpayer concerning industrial, literary, artistic and scientific property, patents of invention, trademarks, good – will, copyright or other intangible, presumably consisting of thirty percent (30%) of the value of the disposition.
In case of goodwill formed, it is obvious, that to constitute an intangible, is this alleged cost applicable at the time of the disposition.
In compliance with the basic standard of disclosure, enshrined in article 15 of the Decree 2649 from 1993, with the notes to the financial statements, issuers of securities referred to in the preceding paragraph shall report the value of goodwill that will be removed in each semester, until the date on which the balance is reversed in its entirety.