Professional goodwill and retirement provisions by P.M. McCaw
By: McCaw, Peter Malcolm.Series: Summer School Paper (NZSA)|P Series. Publisher: Wellington, New Zealand NZSA 1969Description: 38 p. 24 cm.Subject(s): GOODWILL | ACCOUNTING FIRMS | PARTNERSHIPS | ACCOUNTANTS OFFICE | INTANGIBLE ASSETS | GOODWILL
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|Book||New Zealand||Offsite [LIBA068 WIC-04293] 115 PRO (Browse shelf)||P-19||Not for loan||CA003679|
Foreword ; GOODWILL: Nature of goodwill ; Factors influencing the value of goodwill ; Methods of valuing goodwill ; Directors' and other fees of a personal nature ; Limitations of goodwill ; ANNUITY SCHEMES: Introduction ; Benefits and costs compared ; Implications of annuity schemes ; RETIREMENT PROVISIONS: The need for adequate planning ; The importance of life assurance ; Professional work carried out by retired partners ; PROBLEMS OF TRANSITION ; Conclusion
This paper discusses current practices in valuing the goodwill of partnerships in New Zealand accounting firms. It reviews existing levels of partners' remuneration, provisions for retirement benefits and policies on the valuation of goodwill.