Search results with tag "Intangibles"
ACTIVOS INTANGIBLES
www.mef.gob.peLa Norma Internacional de Contabilidad 38 Activos Intangibles (NIC 38) está contenida en los párrafos 1 a 133. Todos los párrafos tienen igual valor normativo, si bien la Norma conserva el formato IASC que tenía cuando fue adoptada por el IASB.
Tangibles and Intangibles Assets - KPMG
home.kpmg• Intangible asset is an identifiable non-monetary asset without physical substance. It is ‘identifiable’ if it is separable or arises from contractual or legal ... certain immovable properties, such as land or building, it is required to first evaluate whether the land and
Guidance for Tax Administrations on the Application of the ...
www.oecd.orgThe outcome of that work is the approach to hard-to-value intangibles, which is found in the 2015 Final Report for Actions 8-10, "Aligning Transfer Pricing Outcomes with Value Creation" (BEPS TP Report) and it was formally incorporated into the Transfer Pricing Guidelines, as Section D.4 of Chapter VI. The HTVI approach protects tax
CITIGROUP GLOBAL MARKETS INC. AND SUBSIDIARIES (An ...
www.citi.comthan-not reduce the fair value of a reporting unit below its carrying amount. Under ASC Topic 350, Intangibles—Goodwill and Other and upon the adoption of ASU No. 2017-04 on January 1, 2020, the Company has an option to assess qualitative factors to determine if it is necessary to perform the goodwill impairment test.
Tangibles and Intangibles Assets
assets.kpmgto toll road related intangible assets recognised in the financial statements for the period ending immediately before the beginning of the first Ind AS reporting period. This exception should be read in conjunction with Schedule II of the 2013 Act. …
Capitalisation of costs relating to Cloud-based Software
www.treasury.nsw.gov.authis guidance focuses on the application of AASB 138 Intangibles Assets (AASB 138) and provides examples of costs that may be capitalised under that Standard. However, arrangements such as platform as a service (PaaS) and infrastructure as a service (IaaS) may involve physical assets, such as routers and firewall.
Intangibles—Goodwill and Other (Topic 350), Business ...
asc.fasb.orgintangible assets in an acquisition. At pr esent, an acquirer recognizes most assets acquired and liabilities assumed in an acquisition by a not-for-profit entity at their acquisition date fair values, including identifiable intangible assets. An intangible asset is identifiable if it meets either of the following criteria: 1.
Bridging progress and sustainability for all
www.se.com* In 2019, the Group changed its definition of Adjusted Net Income, which includes the Adjusted EBITA, amortization expenses of purchase accounting intangible assets (excluding impairment), net financial income and loss, income tax expense on the above at the effective tax rate (exclud ing non-recurring items), discontinued
Intangible assets in a business combination
www.grantthornton.globalIntroduction i A. Detecting intangible assets 1 1 General requirements 1 1.1 Definition of an intangible asset 1 1.2 Identifiability 2 2. Strategies to detect identifiable intangible assets 4 2.1 Business model review 4
Compiled AASB 138 (Oct 15)
www.aasb.gov.auINTANGIBLE ASSETS WITH INDEFINITE USEFUL LIVES 107 . Review of useful life assessment 109 . RECOVERABILITY OF THE CARRYING AMOUNT—IMPAIRMENT LOSSES 111 . RETIREMENTS AND DISPOSALS 112 . DISCLOSURE . General 118 . Intangible assets measured after recognition using the revaluation model 124 . Research and development …
Defining Innovation
www.sagepub.comtransformed into an outcome be it tangible (product) or intangible (service)” (von Stamm, 2003, p. 11). The design activity draws heavily on creativity to resolve issues such as the aesthetics, form, and functionality of the eventual outcome. In this way, during the exploitation phase of the
IAS 38 Intangible Assets - IFAC
www.ifac.orginternational or national accounting standard dealing with non-current assets held for sale and discontinued operations; and (k) In respect of intangible heritage assets. However, the disclosure requirements of paragraphs 115–127 apply …
LB&I Concept Unit
www.irs.govidentifying intangible income, the GILTI provisions approximate the intangible income of a CFC by assuming a 10% rate of return on the tangible assets of the CFC, and any income in excess of that “normal return” on assets is effectively treated as intangible income.
Part I Section 1221.-- Capital Asset Defined
www.irs.govSince an amortizable section 197 intangible, including a franchise, is property of a character subject to an allowance for depreciation under § 167, it is not a capital asset for purposes of ' 1221. However, if an amortizable section 197 intangible is used in a trade or business and held for more than one year, gain or loss on its sale or exchange
Inventory Valuation Guidance
us.aicpa.orgof a Business, Business Ownership Interest, Security, or Intangible Asset (AICPA, Professional Standards, VS sec. 100), which is a part of AICPA Professional Standards, defines a member who performs valuation services as a valuation analyst. Furthermore,
BDO’S US GAAP AND IFRS COMPARISON SERIES …
www.bdo.comAn intangible asset not yet available for use is tested for impairment in the same manner as an indefinite-lived intangible asset until it is available for use The annual impairment test for an indefinite-lived intangible asset must be a quantitative test The impairment test compares the carrying amount to the recoverable amount (defined above).
2020 Publication 1031 Guidelines for Determining Resident ...
www.ftb.ca.govThe individual has intangible income exceeding $200,000 in any taxable year during which the employment-related contract is in effect. ...
What is Intangible Cultural Heritage? - UNESCO
ich.unesco.orgheritage, and this heritage requires active effort on our part in order to safeguard it. The term ‘cultural heritage’ has changed content considerably in recent ... members of an Intergovernmental Committee in charge of promoting the Convention's aims and monitoring its implementation. Among other things, the Committee makes decisions ...
BEST PRACTICES FOR VALUATIONS IN FINANCIAL …
appraisalfoundation.orgintangible asset, the valuation specialist needs to identify other assets that are contributing to the generation of the asset group’s earnings. If the specific revenues and expenses of these other assets cannot be separated from the PFI for the group of assets, the subtraction of CACs
International Valuation Standards - RICS
www.rics.orgIVS 210 Intangible Assets 63 IVS 220 Non-Financial Liabilities 80 ... when performing a valuation of a specific asset type. The Asset Standards include ... Overview of Glossary 10.1. This glossary defines certain terms used in the International Valuation Standards. 10.2. This glossary is only applicable to the International Valuation Standards and
HKAS 38 Intangible Assets - Hong Kong Institute of ...
www.hkicpa.org.hkIN1 Hong Kong Accounting Standard 38 Intangible Assets (HKAS 38) replaces SSAP 29 Intangible Assets (issued in 2001), and should be applied: (a) on acquisition to the accounting for intangible assets acquired in business combinations for which the agreement date is on or after 1 January 2005. (b) to all other intangible assets, for annual ...
RICS professional standards and guidance, global RICS ...
www.rics.orgVPGA 6 Valuation of intangible assets 96 ... – in relation to real estate assets – to recognise the growing relevance of sustainability factors as ... Valuation Standards, which the VPSs adopt and apply. RICS global valuation practice guidance – applications (VPGAs) – advisory ...
2021 Schedule K-2 (Form 8865) - IRS tax forms
www.irs.govAssets attracting directly allocable interest expense under Regulations section 1.861-10(e) . . . . . . ... Related tax year : ... Part IV Information on Partners’ Section 250 Deduction With Respect to Foreign-Derived Intangible Income (FDII)
Business Combinations (Topic 805) - FASB
www.fasb.orgentities separately recognizing fewer intangible assets in a business combination when compared to entities that do not elect or are not eligible for this alternative. Currently, an acquirer recognizes most assets acquired and liabilities assumed in a business combination at their acquisition-date fair values, including all
Capitalisation of internally generated intangible assets
assets.kpmgintangible assets do not have a physical substance, they can be a significant element for companies to be able to operate successfully. Examples of such assets include platforms, games and other software specific to the business’ operations. These criteria apply to all intangible assets, whether acquired
Balance sheets: the basics
www.ccfplus.comintangible assets - eg goodwill, intellectual property rights, patents, trademarks, website domain names, long-term investments ... capital and reserves - share capital and retained profits, after dividends The balance sheet must by law include the elements shown above in bold.
U.S. GAAP vs. IFRS: Intangible assets other than goodwill
rsmus.comassets other than goodwill, except for differences related to impairment accounting (which are covered in another of our comparisons, U.S. GAAP vs. IFRS: Impairment of long-lived assets). Refer to ASC 340-20, 350 and 985-20 and IAS 38 for all of the specific requirements applicable to accounting for intangible assets other than goodwill.
MAY 2020 PROFESSIONAL EXAMINATIONS FINANCIAL …
icagh.orgMay 11, 2020 · a further 5-years. Amortisation of intangible assets is charged to administrative expenses. iii) The group policy of Naa Ltd is to value land to market value at the end of each accounting period. Before the acquisition, Shormeh Ltd land had been valued at historical cost, but it has adopted the group policy since its acquisition.
Holdings of cryptocurrencies - EY
assets.ey.comassets. The Committee observed that a holding of cryptocurrency meets the definition of an intangible asset under IAS 38 Intangible Assets as it is capable of being separated from the holder and sold or transferred individually, and is not a monetary asset, i.e., does not give the holder a right to receive a fixed or
Customary Law and Traditional Knowledge - WIPO
www.wipo.intof cultural heritage and knowledge systems, and many other matters. Maintaining customary laws can be crucial for the continuing vitality of the intellectual, cultural and ... of customary law in relation to intangible property, and -----www..... resources, .. ...
The IASB’s Conceptual Framework for Financial Reporting
www.accaglobal.comAn asset is defined as a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. Assets are presented on the statement of financial position as being noncurrent or current. They can be intangible, ie without physical presence, eg goodwill.
02-APB VFR Valuation Advisory 2 Valuation of Customer ...
appraisalfoundation.orgJun 15, 2016 · 2 1.1.1 This document (Valuation for Financial Reporting Advisory #2), entitled The Valuation of 3 Customer-Related Assets, is the result of deliberations by the Working Group on Customer-Related Assets 4 (the second Working Group in the “Best Practices for Valuations in Financial Reporting: Intangible Asset
Independent Auditors’ Report
www.ril.comand equipment, intangible assets, capital work-in-progress and intangible asset under development on a test check basis to test whether they meet the recognition criteria as set out in para 16 to 22 of Ind AS 16 – Property, Plant and Equipment, including intended use of …
Master Direction Non-Banking Financial Company – Housing ...
rbidocs.rbi.org.inChapter I Preliminary ... Chapter V Asset Classification and Provisioning.....28 Chapter VI Regulatory Restrictions and Limits ... intangible assets and revaluation reserves, divided by the number of equity shares of the investee company. 4.1.5.
CHCECE001 Develop cultural competence, Release 2
aspire-solidus-production.s3-ap-southeast-2.amazonaws.comCultural heritage: something that is passed down from preceding generations; the legacy of physical artefacts (cultural property) and intangible attributes of a group or society that are inherited from past generations, maintained in the present and
Disruptive Technologies and their Implications for ...
www2.gwu.eduintangible, knowledge-based capital (KBC)2 and technology, which may not suffer from the same decreasing returns to scale and can be a source of sustained long term growth. This 2 This includes R&D, firm specific skills, organizational know-how, databases, design and various forms of intellectual property.
A Roadmap to Accounting for Business Combinations
www2.deloitte.com4.10.4.2 Customer-Related Intangible Assets 122 4.10.4.3 Artistic-Related Intangible Assets 129 4.10.4.4 Contract-Based Intangible Assets 129 4.10.4.5 Technology-Based Intangible Assets 132 4.10.4.6 Examples of Intangible Assets by Industry 134 4.10.4.7 R&D Assets 135 4.10.4.8 Defensive Intangible Assets 137
Indian Accounting Standard (Ind AS) 38 Intangible Assets
taxguru.inIndian Accounting Standard 38 Intangible Assets (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles. ). Objective 1 The objective of this Standard is to prescribe the accounting treatment for
CUSTOMARY LAW, TRADITIONAL KNOWLEDGE AND …
www.wipo.intintangible cultural heritage, practices and knowledge systems of traditional communities, including indigenous and local communities (TK in a general sense or lato sensu). In other words, TK in a general sense embraces the content of knowledge itself as well as TCEs, including distinctive signs and symbols associated with TK. In the
Guide to depreciating assets 2021
www.ato.gov.auMost intangible assets are also excluded from the definition of depreciating asset. Only the following intangible assets, if they are not trading stock, are specifically included as depreciating assets: n in-house software; see In-house software on page 25 n certain items of intellectual property (patents, registered
Examinable Documents September 2021to June 2022
www.accaglobal.comassets other than goodwill IAS38 Intangible Assets Under FRS 102, an entity may recognise an intangible asset arising from development if certain criteria are met. An intangible asset acquired in a business combination can be treated differently in accordance with FRS 102. FRS 102 states that if an intangible asset is acquired free of charge or for
Case Studies in Financial Statement Fraud
www.fraudconference.comAsset Impairments Slightly different rules depending on the type of asset (investments, intangible assets, long-lived assets such as property and equipment) Generally, an impairment exists when an asset’s net book value is greater than its: Fair value or Net realizable value Determining fair value or net realizable value is
Financial AccountingPilot Paper - ACCA Global
www.accaglobal.com14 Which TWO of the following items must be disclosed in the note to the financial statements for intangible assets? (1) The useful lives of intangible assets capitalised in the financial statements (2) A description of the development projects that have been undertaken during the period (3) A list of all intangible assets purchased or ...
SOP for Fixed Assets Management - Shabbir Dohadwala
shabbir5.weebly.comAS 26 – Intangible Assets AS 28 – Impairment of Assets 18 . Companies (Auditor’s Report) Order (CARO), 2003 As per paragraph 4(I) of this order, an auditor is required to comment on proper maintenance, physical verification and major disposal in relation to fixed assets during the
Teaching For Art Criticism: Incorporating Feldman’s ...
files.eric.ed.govThe elements of art criticism, when combined with thoseof aesthetics, support the development of a commonly known notion called aesthetic experience. This tripartite focus of viewing, understanding and experiencing has a history in the ... interpret and study works of art, translate or articulate the intangible to tangible. Art criticism ...
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