Global accounting body to consider revamping 'goodwill' rule

LONDON (Reuters) - A global accounting standard setter has said it will review how companies calculate "goodwill" on their balance sheets to avoid misleading investors with overly optimistic assessments of financial health.Goodwill refers to an accounting value recorded when a company acquires another company, a measurement that goes beyond how much physical assets alone are worth. It is up to a company to decide each year how much, if any, this goodwill becomes "impaired" and should be written..