Goodwill Amortization in the Italian Civil Code: Estimation Poblems and a Methodological Proposal

In regulating the financial statements, amortization of goodwill represents a complex problem that requires careful assessment economic conditions firm and their foreseeable evolution. This study aimed to analyze topic with specific regard Italian context, in order identify parameters useful for guiding processes, compliance limits set by legislation on statements. To this end, used methodology based legal-economic analysis evolution from 1882 today its effects valuations implied amortization. The results show accounting has changed over time, being characterized first phase prevalence conservative consequent need amortize shortest possible time. Subsequently, accrual basis prevailed conservatism, basic rule is represented life goodwill. originality lies multidisciplinary approach which, combining interpretation company legal rules reporting, proposes an model applicable practice companies prepare statements according Civil Code.