What Is Good will In Accounting?

If a businessman purchases a company from another businessman for a premium value, then its intangible assets come into goodwill. In the goodwill of a company, there come a lot of things. Some important things that come into the goodwill of a company are the brand name of a company, a solid base of the customers, good relationship with the customers, good relationship with the employees within a company, and any kind of patent technology. As a student, if you don’t have enough idea about goodwill in accounting, then you can get help from the expert writers of the academic writing services.

Types of goodwill

There are two basic types of goodwill in accounting. First of all, there comes purchased goodwill and in the second, there comes non-purchased or inherent goodwill. When the main concern of a company depends upon purchasing but the consideration of the paid amount exceeds from the requirements of the separable net assets, then this type of goodwill is known as purchased goodwill. On the other hand, if a company is enjoying a fair value of its separable assets, then this type of goodwill of a company is known as non-purchased or inherent goodwill.

Factors affecting goodwill

In the field of a business, there are a lot of factors that can affect the goodwill of a company. The most important factors that can become a cause of affecting the goodwill of a company are given below;

  • If a company is providing outstanding quality of the products or services, then it’s goodwill
  • There are a lot of effects of location on the goodwill of a company. If a company is situated in a favourable place, then its goodwill will also increase.
  • If a company is in the field of business for a number of years, then this thing will also become a cause of increasing its goodwill.
  • If a company is providing special advantages to the customers, then this thing can also become a cause of increasing the goodwill of a company. For example, if a company is providing the best services or products at the most affordable prices, then its goodwill will be increased.
  • There are a lot of effects of the nature of business on the goodwill of a company. For example, if a company is providing such products or services that have stable continuous demand, then the goodwill of that company will also be increased.
  • If a company has maintained good relations with the employees, labours, and government, then its goodwill will also be increased.

Importance of goodwill in accounting

If a company has goodwill in the field of business, then it will gain a lot of benefits. The importance of goodwill in accounting is explained below;

  • With the help of goodwill, the number of return customers of a company will be increased.
  • With the help of well-established goodwill, the chances of getting the loans from the bank and other potential customers will be increased.
  • It is also helpful for a company to strengthen its business network.
  • In the case of blunder or a mistake, the people can forget that blunder or mistake due to its goodwill.
  • With the help of goodwill, the intangible assets of a company will also be increased.

Tips On Completing Your Assignment On Organizational Behavior

In an organization, you will have to interact with a lot of groups. The educational field in which we study the interaction between these groups is known as OB or organizational behaviour. Mostly, this is done to create more efficiencies in the field of business. All the theories of OB are used for the purpose of the human resources in order to maximize the output of the members of a specific group. If you are studying the Organizational Behaviour subject, then there is a possibility that you will be assessed with the help of an assignment by your supervisor. Due to the difficult structure and writing style of the OB assignment, most of the students try to get help from the assignment writing services. The most important tips to write an organizational behaviour assignment are given below;

1)    Plan your time

It is a fact that an Organizational Behaviour assignment comes with a deadline and you will have to complete it before that deadline. Therefore, if you want to complete it before the deadline, then you should try to prepare an outline, plan, and timetable. To make an effective plan for your assignment, you should try to allocate some time for the research, finding information, analyzing information, developing the first draft, redrafting, planning the best references, and compiling the references list.

2)    Collect information

To gather the data for an organizational behaviour assignment is a crucial step for the students. Its reason is that most of the students face a lot of problems to find out the best references for their assignments. The best references to gather the data for your organizational behaviour assignment are given below;

  1. A) Academy of Management Annals
  2. B) Journal of Human Resources
  3. C) Journal of Service Research
  4. D) Review of International Organizations
  5. E) Journal of Occupational and Organizational Psychology
  6. F) Organizational Behavior and Human Decision Processes
  7. G) Organizational Psychology Review

3)    Read the collected information

Once, you have gathered enough data for your organizational behaviour assignment, then you should try to analyze that information and try to keep only that information that is relevant to the topic of the assignment. This data analysis process should be done by following the outline of the assignment.

4)    Interpret the assignment questions

To interpret the complex questions of the organizational behaviour assignment is one of the most essential things for the students. To interpret the complex questions of the assignment, the students should try to analyze the topic of the assignment in an effective way, to identify the relevant issues, to get an idea about the causes and effects of these issues by assessing the issues, to compare and contrast the issues, to treat these issues in an analytical way, and to define these issues by providing the suitable examples.

5)    Finalize the assignment

Once, you have gathered enough data for your assignment, then the next step is to finalize that assignment by following the professional structure and format. After completing the assignment, you should try to proofread and edit it. In this proofreading and editing, all the mistakes from the organizational behaviour assignment will be removed.

Top 5 Affordable Yet Best Colleges In The UK

The education system in the UK is considered the best education system in the world. That’s why it is the desire of almost all the students to acquire education from the best educational institutes in the UK. Its reason is that after getting an education from the best institutes in the UK, the students can easily avail the best job opportunities. The biggest problem for the students is to choose the best as well as affordable colleges in the UK. If you are not able to find out the best and affordable colleges in the UK, then you can get help from UK-based academic writing services. Top 5 affordable yet best colleges in the UK are given below;

1)    UCL (University College London)

The UCL is one of the best constitute colleges in the UK. Moreover, it is also a public research university. If we talk about the enrollments in the UCL, then we come to know that it is the third largest university in the UK on the basis of total enrollments. Moreover, if we talk about the enrollments of the undergraduate students, then we come to know that it is in the top position. There is a huge network of the best faculty members in the UCL. That’s why it is considered the best college in the UK. The educational expenditures for most of the educational programs are up to seventeen thousand pounds and per week living expenditures are up to 400 pounds.

2)    Imperial College London

If we talk about excellence and benefit in the fields of Science, medicine, business or engineering, then Imperial College London is the best choice for you. A lot of students from all around the world enrol themselves in a lot of postgraduates and undergraduates programs. Imperial College London has the best faculty of Science, Medicine, Engineering, and Business. Moreover, its libraries and transportation system are also up-to-date. The fees for almost all the educational programs are about ten thousand euros. On the other hand, the living expenditures are about 400 euros per week.

3)    King’s College London

King’s College London is also a public research library that is located in the London. The best departments in the King’s College London are Applied Sciences, Medical, General literature, and Theological. It has the best faculty members. It’s per annum fee structure is about ten thousand euros. Moreover, you can also avail a lot of scholarship opportunities in it.

4)    London School of Economics

The best courses that are thought at the London School of Economics are Accounting, Business and Administration, Economics, Finance, and Law. The London School of Economics has the best faculty members of these courses. The tuition fees in LSE are about nine thousand euros and the monthly living expenditures are about 1100 euros.

5)    The Glasgow School of Arts

If you want to achieve the best educational opportunities in Fine Arts, Architecture, and Designs, then GSA is the best choice for you. Moreover, it is also affordable for the students. Their annual fees are about 1,820 euros only. After getting degrees from this institute, then students can easily avail the best job opportunities.