Goodwill to all AATs

How do you account for goodwill when a partnership changes? Well, Teresa Clarke explains all in the latest issue of PQ magazine, out now at:

Remember the goodwill account is a temporary account, no money is physically moved, and the account is always empty when the calculations are complete!

In its next issue PQ magazine will cover the problems with assessments and what AAT is doing about it, and this year’s AAT professional synoptic. Isn’t it time you signed up for your free monthly subscription? Go to and click on the ‘subscription’ bar/button.