Should International Accounting Standards Prescribe the Capitalization of Intangible Assets?

2008 ◽  
Author(s):  
Thibault Reichelt
Keyword(s):  
Intangible Assets ◽  
Accounting Standards ◽  
International Accounting ◽  
International Accounting Standards

scholarly journals VALUATION OF INTANGIBLE ASSETS IN BUSINESS VALUATION: ROLE, CLASSIFICATION, METHODS

2021 ◽  
Vol 71 (4) ◽  
Author(s):  
Vitalina Delas ◽  
Dmytro Nesterov
Keyword(s):  
Financial Reporting ◽  
Intangible Assets ◽  
Accounting Standards ◽  
Evaluation Process ◽  
Specific Area ◽  
Fair Value ◽  
Intangible Asset ◽  
International Accounting ◽  
International Accounting Standards ◽  
Business Valuation

The article notes the essence of “business” and “company” as well as their aim for investment and decision-making purposes. It also defines the essence and objectives of business evaluation as well as importance of the valuation of the business for their confident activity. The need of standardization of evaluation process was mentioned. The aim of business valuation is mentioned considering targeted environment. The functions of business evaluation are considered and their brief description is given. The factors that need to be used when evaluating a business are listed. The characteristic of fair value of business was noted and the basic methods used for its estimation in world practice is considered according to their classification. The issue of intangible assets valuation today is very controversial, but as the same time the importance of intangible assets and their role in assessing the value of business grows every year, and it was considered in the article. The process of estimation of intangible assets in explained due to some characteristics according to the article and the procedure for accounting of intangible assets in accordance with International Accounting Standards is determined as well as the procedure of fair value estimation of both internal generated and purchased intangible assets. There were also indicated concepts of revaluation and impairment of intangible assets due to the correct estimation of their useful life and economic utility. Also in the article was mentioned when the amortization of the intangible asset should begin. The methods of intangible assets valuation were determined and details for each method were characterized as well. The intangible assets were indicated due to the ability to identify them. The concept of goodwill associated with unidentifiable intangible assets, its accounting in accordance with international accounting standards and the importance of its evaluation to determine the fair value of the business. But the area of goodwill which cannot be detected based on International Financial Reporting Standards is still pourly researched. According to this issue, recommendations for further research of this specific area were given.

THE ROLE OF NON-GOVERNMENTAL ORGANIZATIONS (NGOs) AS INTERMEDIARIES OF THE EUROPEAN UNION DECISION TO ADOPT INTERNATIONAL ACCOUNTING STANDARDS: 1973–2002

2016 ◽  
Vol 43 (2) ◽  
pp. 59-127 ◽  
Author(s):  
Devrimi Kaya ◽  
Robert J. Kirsch ◽  
Klaus Henselmann
Keyword(s):  
European Union ◽  
Accounting Standards ◽  
International Accounting ◽  
International Accounting Standards ◽  
The European Union ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
History Of ◽  
The Many

This paper analyzes the role of non-governmental organizations (NGOs) as intermediaries in encouraging the European Union (EU) to adopt International Accounting Standards (IAS). Our analysis begins with the 1973 founding of the International Accounting Standards Committee (IASC), and ends with 2002 when the binding EU regulation was approved. We document the many pathways of interaction between European supranational, governmental bodies and the IASC/IASB, as well as important regional NGOs, such as the Union Européenne des Experts Comptables, Économiques et Financiers (UEC), the Groupe d'Etudes des Experts Comptables de la Communauté Économique Européenne (Groupe d'Etudes), and their successor, the Fédération des Experts Comptables Européens (FEE). This study investigates, through personal interviews of key individuals involved in making the history of the organizations studied, and an extensive set of primary sources, how NGOs filled key roles in the process of harmonization of international accounting standards.

THE EVOLUTION OF THE RELATIONSHIP BETWEEN THE US FINANCIAL ACCOUNTING STANDARDS BOARD AND THE INTERNATIONAL ACCOUNTING STANDARD SETTERS: 1973–2008

2012 ◽  
Vol 39 (1) ◽  
pp. 1-51 ◽  
Author(s):  
Robert J. Kirsch
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Working Relationships ◽  
International Accounting ◽  
International Accounting Standards ◽  
Financial Accounting Standards Board ◽  
Accounting Standard ◽  
Staff Members ◽  
The Us ◽  
The Relationship

ABSTRACT Utilizing archival materials as well as personal interviews and correspondence with personnel of the Financial Accounting Standards Board (FASB) and International Accounting Standards Committee/Board (IASC/B), including former Board chairmen and staff members, this paper examines the development of the working relationships between the FASB and the IASC/B from their earliest interactions in 1973 through the transformation of the IASC into the IASB and the Convergence Program rooted in the 2002 Norwalk Agreement up to 2008.

scholarly journals Lobbying na Regulação Contábil: Evidências do Setor Petrolífero

2014 ◽  
Vol 25 (65) ◽  
pp. 124-144 ◽  
Author(s):  
Odilanei Morais dos Santos ◽  
Ariovaldo dos Santos
Keyword(s):  
Financial Reporting ◽  
Accounting Standards ◽  
Status Quo ◽  
International Accounting ◽  
International Accounting Standards ◽  
Discussion Paper ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
International Accounting Standards Board

Este trabalho tem como objetivo identificar os fatores determinantes à submissão de cartas comentários, como estratégia de lobbying no contexto da regulação contábil, à audiência pública do Discussion Paper Extractive Activities do International Accounting Standards Board IASB).Os resultados mostram o tamanho como fator determinante, em todas as modelagens utilizadas, indicando que grandes empresas petrolíferas possuem maior probabilidade para realizar lobbying. Essa propensão é verificada para posicionamentos essencialmente desfavoráveis às propostas apresentadas pelo IASB, o que implica em considerar que a revisão/substituição do International Financial Reporting Standard -IFRS6 será um processo complexo e sujeito a pressões por parte das empresas petrolíferas para manter o status quo.

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