Finance Terms:Alphabet G

[ A ] [ B ] [ C ] [ D ] [ E ] [ F ] [ G ] [ H ] [ I ] [ J ] [ K] [ L ] [ M ]

[ N ] [ O ] [ P ] [ Q ] [ R ] [ S] [ T ] [ U ] [ V ] [ W] [ X ] [ Y ] [ Z ]



[ G ]


Gains

o Increases in economic benefits and as such are no different in nature from revenue.



Going concern


o The financial statements are prepared on a going concern basis unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so.


Goodwill
o Future economic benefits arising from assets that are not capable of being individually identified and separately recognised.


Group

o A parent and all its subsidiaries.




Gearing

o the relationship between the loan capital, preference capital and ordinary capital of a business. A high-geared companhy is one where the prior charges, ie loan and preference capital, are high in relation to the ordinary capital. The reverse is described as low-geared.


Goodwill

o the net value of a business after deduction of tangible assets;also the excess of the purchase price over the value of the net assets of a purchased company ( an intangible asset)