scholarly journals Intangible Assets In The Accounting Law – Comparison Of Polish And Ukrainian Solutions

2018 ◽  
Vol 22 (2) ◽  
pp. 51-57
Author(s):  
Marzena Strojek-Filus ◽  
Viktoriia Dremliuha
Keyword(s):  
Intangible Assets ◽  
Economic Resources ◽  
Financial Statement ◽  
Business Entities

The paper presents a differentiated approach to the valuation and presentation in the financial statement of economic resources of business entities in neighbouring countries illustrated on the example of Poland and Ukraine. Domestic accounting law solutions of the countries under analysis with respect to intangible assets have been analyzed in detail. The aim of the paper is to show and assess the differences in the identification, valuation and presentation of intangible assets in the light of domestic accounting in Poland and Ukraine. The authors postulate unification of solutions in this area by adopting IAS/IFRS solutions in both studied countries.

scholarly journals Intangible Assets Reporting: the Case of Chemical and Pharmaceutical Industry in the Czech Republic

2018 ◽  
Vol 66 (2) ◽  
pp. 431-439
Author(s):  
Hana Bohušová ◽  
Patrik Svoboda
Keyword(s):  
Czech Republic ◽  
Pharmaceutical Industry ◽  
Intangible Assets ◽  
Stock Exchange ◽  
Financial Statement ◽  
The Czech Republic ◽  
Business Entities ◽  
The Cost ◽  
Changes Over Time ◽  
The Impact

The cost structure of business entities has been changing in the span of time. Costs associated with intangible assets such as software, patents, licenses, copyrights and goodwill became an important item of costs in the recent days. The paper is focused on the evaluation of the share of intangible assets in total assets and the costs associated with intangible assets in business companies operating in the chemical and pharmaceutical industry in the Czech Republic. The analyzed sample of companies represents two groups of business entities: entities preparing financial statements in accordance with IFRS and the entities preparing financial statement according to the Czech Accounting legislation (CAL). The sample covers period after the mandatory implementation of IFRS for listed companies - starting in 2005 and ending in 2015. The aim of this paper is to evaluate the impact of intangible assets reporting methodology using criteria as the share of this category in assets of companies, its structure and its changes over time and to identify possible reasons for this situation. The analysis revealed that there is an increasing tendency in volume of IAs in companies listed in Prague Stock Exchange.

FEATURES OF CONNECTIVITY AMONG FRANCHISING NETWORKS IN HOTEL INDUSTRY

2020 ◽  
Author(s):  
Tania Dabeva ◽  
◽  
Georgina Lukanova ◽  
Keyword(s):  
Intangible Assets ◽  
Hotel Industry ◽  
Main Thesis ◽  
Business Entities ◽  
Systemic Nature ◽  
Complex Relationships

The main thesis supported in this study is that connectivity is embedded in the hotel franchise due to its systemic nature, the number of participating levels, elements and entities, the complex relationships between them, the transfer of tangible and intangible assets, multifaceted communications of formal and informal nature and others. In this regard, the main purpose of the paper is to reveal the nature of connectivity in the hotel franchise and how it affects the functioning and development of the system. The first part of the report examines the peculiarities of the relationships between business entities in the hotel franchise. The next part presents two main concepts for connectivity management in franchising networks in the hotel industry, and at the end some conclusions and recommendations for the development of franchise partner networks are systematized.

scholarly journals Investments in Technological and Business Digitalization: Development of Accounting as a Factor of Economic Security for Business Entities in the Context of New Industrialization

2021 ◽  
Vol 93 ◽  
pp. 02030
Author(s):  
Alexey Popov
Keyword(s):  
Intangible Assets ◽  
Accounting Standards ◽  
Economic Security ◽  
Initial Cost ◽  
Intangible Investments ◽  
Standards Development ◽  
Business Entities ◽  
New Industrialization

The article is devoted to the issues of reforming the investment costs accounting for the technological and managerial processes digitalization in the course of new industrialization. It outlines the factors for the accounting development, represents plans for the investment assets federal standards development, and evaluates their implementation. It formulates the key differences in the composition and recognition of costs that form the initial cost of digitalization objects. It features the issues of recognising software as part of intangible assets or expenses of the organization. The author analyses and criticise new norms of the introduced accounting standards that build up information about investment objects in the economic processes digitalization. The article also identifies the indicators of economic security formed on data on digitalization investments accounting and defines further directions for the development of accounting in terms of tangible and intangible investments.

scholarly journals Goodwill’s Accounting Practices in Belgium and Compliance with IAS 36 Required Disclosures

2019 ◽  
Vol 12 (3) ◽  
pp. 139
Author(s):  
Julius Gaël Tchatchou Tchaptchet ◽  
Olivier Colot
Keyword(s):  
Intangible Assets ◽  
Stock Exchange ◽  
Balance Sheet ◽  
Financial Statement ◽  
Accounting Standard ◽  
Current Accounting ◽  
Great Heterogeneity ◽  
Separate Line ◽  
Required Disclosures ◽  
The Impact

This paper aims at studying the impact of the accounting treatment of goodwill on the mandatory disclosure required by the International Accounting Standard (IAS) 36 on the impairment test of goodwill. We use a sample comprising 79 companies listed on Brussels stock exchange to show that there is a great heterogeneity in current accounting treatment of goodwill. We identify two groups of companies: those that display the goodwill on a separate line in their balance sheet and those that integrate it in their intangible assets. For the later, the only way to notice the presence of goodwill is by looking at the financial statement’s notes presumably because those notes are expected to receive less scrutiny. Even if the compliance is not complete, the first group complies more with the paragraph 134 of IAS 36 than the other. Moreover, companies with a significant goodwill compared to both total assets and intangible assets are more compliant with IAS 36. The findings finally reveal that the notices issued by the Financial Service and Markets Authority (FSMA) have a limited impact on the disclosure level. There are some areas of improvement but others such as goodwill allocation to cash generating unit, determination of the recoverable amount, description of key hypothesis and the sensitivity test need more effort on compliance.

DO INTELLECTUAL CAPITAL AND INTANGIBLE ASSETS INFLUENCE THE FIRM VALUE? (CASE STUDY IN TRADE, SERVICE, AND INVESTMENT SECTOR IN INDONESIA)

2020 ◽  
Vol 12 (2) ◽  
pp. 200-209
Author(s):  
Giovanni Giovanni ◽  
Setyarini Santosa
Keyword(s):  
Intellectual Capital ◽  
Significant Relationship ◽  
Firm Value ◽  
Intangible Assets ◽  
Stock Exchange ◽  
Financial Statement ◽  
Intangible Asset ◽  
Investment Companies ◽  
Similar Idea

The objective of this research is to examine the influence of intellectual capital and intangible assets toward firm value. The use of intellectual capital and intangible assets in this research is very interesting because they represent the similar idea, the ability to generate future benefit. However, intellectual capital is not represented in the presentation of financial statement directly, while the intangible asset is presented in the financial statement. The samples are taken from the trade, service, and investment companies classification which are listed in Indonesia Stock Exchange in from 2015 until 2018. Using the purposive sampling, there are 27 companies put as data for the multiple linear regression. The result of the research shows intellectual capital has positive significant relationship toward firm value, meanwhileintangible assets have negative significant relationship toward firm value. It means the lower intangible assets, the higher firm value is. This might be happened if the company cannot utilize the intangible asset optimally.

INNOVATIVE ACTIVITY OF ENTERPRISES OF UKRAINE IN THE RECON TRUCTION OF ECONOMIC RESOURCES

2019 ◽  
pp. 89-100
Author(s):  
L.V. Gorodianska
Keyword(s):  
Economic Resources ◽  
State Control ◽  
Development Programs ◽  
Internal Factors ◽  
Capital Assets ◽  
Micro Level ◽  
Business Entities ◽  
Labor Resources ◽  
Intellectual Potential ◽  
The Impact

Innovative processes contribute to positive shifts at all levels of the economy in a globalized environment. The key element of globalization is economic resources, among which significant ones are resources that have tight relationships and the interdependence of the impact of innovation on the level of their objects reconstruction. The study used the classification of economic resources capable of reconstruction according to the types that form the objects of capital assets, intangible assets and the intellectual potential of labor resources. The directions of innovative investments of Ukrainian enterprises in the reconstruction of such objects of economic resources as capital assets, intangible resources (assets) and an increase in the level of intellectual potential of staff are analyzed. Analysis of statistical data, external and internal factors showed that the reconstruction of intellectual, intangible and material resources, as well as the intellectual potential of personnel was carried out by domestic enterprises at a fairly low level. It is proved that innovatively active enterprises financed the process of reconstruction of economic resources objects by an average of 90% at their own expense. It is advisable to direct the national strategy of the state’s economic development in the context of globalization to intensify innovation and strengthen state control over the process of reconstruction of economic resources of business entities. This requires at the micro-level of planning comprehensive measures for the reconstruction of the quality of economic resources, relying on state innovation development programs. The development and implementation of such a strategy at the micro level can ensure the strengthening of the competitive advantages of enterprises and become the basis for the country's economic growth.

scholarly journals SOME TOPICAL ASPECTS TO TAKE INTO ACCOUNT THE OBJECTS OF THE INTELLECTUAL PROPERTY IN THE RUSSIAN FEDERATION

2019 ◽  
pp. 216-224
Author(s):  
L. Alekseeva
Keyword(s):  
Intellectual Property ◽  
Russian Federation ◽  
Intangible Assets ◽  
Normative Documents ◽  
The Russian Federation ◽  
Business Entities

The article describes the most relevant aspects of the treatment of intangible assets of business entities within the scope of their activities is currently not having proper reflection in normative documents, which should be on the basis of accounting objects of their intellectual property.

scholarly journals ANALISIS PENERAPAN STANDAR AKUNTANSI KEUANGAN ENTITAS TANPA AKUNTABILITAS PUBLIK (SAK ETAP) TERHADAP LAPORAN KEUANGAN PADA USAHA KECIL MENENGAH BAHAGA MANADO

2018 ◽  
Vol 13 (04) ◽  
Author(s):  
Ni Gusti Ayu Kade Suwintari ◽  
Lintje Kalangi ◽  
Anneke Wangkar
Keyword(s):  
Small And Medium Enterprises ◽  
Accounting Standards ◽  
Financial Statements ◽  
Financial Accounting ◽  
Financial Statement ◽  
Corporate Management ◽  
Public Accountability ◽  
Financial Report ◽  
Business Entities ◽  
Medium Enterprises

Small and medium enterprises (SMEs) are productive economic enterprises owned by individuals or business entities. Business activities undertaken by small and medium enterprises require a financial statement that reflects the business activities undertaken during one period. The financial statements are a form of corporate management accountability by management to external and internal parties. Seeing the importance of usability, the financial statements should be structured according to the applicable standards in order to be interpreted with the same concept and understanding by its users. The generally accepted Financial Accounting Standards make it difficult for small and medium enterprises (SMEs) who only have minimal accounting knowledge in preparing financial statements. The Financial Accounting Standards Entity Without Public Accountability (SAK ETAP) comes with the aim to accommodate the needs of entities that have no significant public accountability in the conduct of their business such as SMEs. The purpose of this study is to determine the application of Financial Accounting Standards Entity Without Public Accountability (SAK ETAP) Against Manado Financial Report. This research uses descriptive-comparative research type. The results show that Manado Manado has not fully implemented the Financial Accounting Standards of Non-Accountable Public Entity (SAK ETAP) in its financial statements. This is because the financial manpower of Manado Manado does not have sufficient knowledge about the Financial Accounting Standards of Non-Public Accountable Entity (SAK ETAP) so that it becomes a factor that Manado Bahaga has not fully implemented SAK ETAP. Instead, the company employs a competent financial personnel in their field so that they can produce financial statements in accordance with SAK ETAP.Keywords: SAK ETAP, Financial Statements, SMEs

scholarly journals A FRAMEWORK OF ISLAMIC ECONOMICS WITH REFERENCE TO ISLAMIC TAXATION AND ALLOWABLE EXPENDITURES

2013 ◽  
Vol 20 (2) ◽  
Author(s):  
Olaitan Sarafadeen Nafiu
Keyword(s):  
Social Security ◽  
Common Law ◽  
Economic Resources ◽  
Way Of Life ◽  
Tax Base ◽  
Tax Deductions ◽  
Business Entities ◽  
Treatment Procedures

The concept ofIslamic Economics underscores the view that Islam, as a religion dictates atotal way of life. The system of taxation in Islam, which is a prominent partof its economics is said to be divinely designed to arrest poverty in theMuslim community. Zakaat has often been cited as a good example of this systemof taxation. It is generally accepted as an act ordained by God to ensure fairre-distribution of economic resources among the followers of Islam. This paperexamines Islamic economics, and in doing so, it evaluates the meaning of Zakaatwith a view to throwing more light on its uniqueness as an Islamic form oftaxation. It also highlights allowable expenditures for tax purposes that areavailable to business entities, subject to levy of business Zakaat. It comparessuch tax deductions with conventional ones operating in non-Islamic settings,specifically in common law jurisdictions. The article concludes that despiteambiguity surrounding the Islamic taxation especially on issues of tax base,treatment, procedures, interpretation of law, and several others, Islamic taxpolicies are meant to foster plans on development in their entirety and toensure social security with the objective of alleviating poverty in the Muslimcommunity.

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