Search results with tag "Intangible assets"
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 4.10.5 Subsequent Accounting for ...
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 ...
IPSAS 31—INTANGIBLE ASSETS - International Federation of ...
www.ifac.orgintangible assets that are not dealt with specifically in another Standard. This Standard requires an entity to recognize an intangible asset if, and only if, specified criteria are met. The Standard also specifies how to measure the carrying amount of intangible assets, and requires specified disclosures about intangible assets. Scope 2.
U.S. GAAP vs. IFRS: Intangible assets other than goodwill
rsmus.comIn IFRS, the guidance related to intangible assets other than goodwill is included in International Accounting Standard (IAS) 38, Intangible Assets. Comparison The significant differences between U.S. GAAP and IFRS with respect to the accounting for intangible assets other than goodwill are summarized in the following table.
Part 09-02-05 - Tax Relief Scheme for Capital Expenditure ...
www.revenue.ieinternally generated intangible assets may be recognised in the accounts and some internally generated assets, such as brands, publishing titles and goodwill, are not recognised as intangible assets for accounting purposes. The full list of specified intangible assets, which qualify for allowances, is given in Appendix 1.
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
Impairment testing of long-lived assets to be held and used
rsmus.comguidance include property and equipment, assets acquired under capital leases, long-term prepaid assets and finite-lived intangible assets. This white paper is intended to address the guidance for testing these long-lived assets for impairment and certain issues that have arisen in …
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 ...
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
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
Three approaches to valuing intangible assets
www.cgma.orgIntangible assets (intangibles) are long lived assets used in the production of goods and services. They lack physical properties and represent legal rights or competitive advantages (a bundle of rights) developed or acquired by an owner. …
The Value of Intangibles
people.stern.nyu.eduin general, argue that we miss intangible assets because we are so focused on the bottom line - earnings and cash flows. Implicit in this criticism is the belief that if accountants do not show intangible assets on the balance sheet, we will miss these assets when we are doing valuation.
Chapter 7: Asset Valuation (Intangible Assets)
www.fraziercapital.com133 Chapter 7: Asset Valuation (Intangible Assets) Intangible assets are the most difficult items to quantify and qualify. Typically, most business sellers want a …
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
Illustrative Example of Intangible Asset Valuation
www.oecd.orgIntangible Assets $0.7 Billion Valuation Methodologies Relief from Royalty Excess Earnings Cost Greenfield With or Without 15 OECD TP WP6: Illustrative Example of Intangible Asset Valuation Introduction Methodology Recap Illustrative Example Conclusion Equity Price $0.8 Billion Net Debt $0.4 Billion Tangible Assets
Valuation of intangible assets - OECD.org
www.oecd.orgValuation approaches for intangible assets • Direct market comparison with transaction involving identical or similar assets • Income approach : value is determined by reference to present value of
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 …
2018 Worldwide Capital and Fixed Assets Guide - EY
assets.ey.comJan 01, 2018 · The Worldwide Capital and Fixed Assets Guide provides information ... and relief for intangible assets. For the reader’s reference, the names and symbols of the foreign ... Law 27,191 provides accelerated depreciation benefits related to the purchase of new fixed assets or infrastructure services performed to develop projects based on the use of
Business Valuations - SAIPA
www.saipa.co.zaIntangible assets 90 000 50 000 Inventory 180 000 160 000 Other assets 370 000 370 000 ... Assets Liabilities • Intellectual property items, such as internally developed products and services. ... • Stable financial leverage –capital structure will
Impairment of Assets IAS 36
www.ifrs.orgassets that are carried at revalued amount (ie fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses) in accordance with other IFRSs, such as the revaluation model in IAS 16 . Property, Plant and Equipment. and IAS 38 . Intangible Assets
HKAS 38 Intangible Assets - Hong Kong Institute of ...
app1.hkicpa.org.hkIntangible Assets Hong Kong Accounting Standard 38 HKAS 38 Revised January 2017September 2018 Effective for annual periods beginning on or after 1 January 2005
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
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. …
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
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 …
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
Getting Merger and Acquisition Accounting Right
www.mossadams.comintangible assets that it did not intend to actively use, regardless of whether another acquirer might have continued to actively use them. Howe ver, after the effective date of Stat ement 141(R), an intangible asset must be recognized at fair value in accord ance with Statement 157, regardless of how the entity intends to use that asset.”
Deferred tax assets and liabilities: tax benefits ...
www.aabri.comJournal of Finance and Accountancy Deferred tax and debt, Page 4 (e.g., intangible assets, 1 inventory write-offs), and net operating loss and tax credit carryforwards, among others. A deferred tax liability (DTL) is the estimated future tax increase related to book income.
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
AUDITING FAIR VALUE MEASUREMENTS AND DISCLOSURES
www.cheneliere.infoauditing fair value measurements and disclosures: allocations of the purchase price under fasb statement of financial accounting standards no. 141, business combinations, and tests of impairment under fasb statements no. 142, goodwill and other intangible assets, and no. 144, accounting for the impairment or disposal of long-lived assets a toolkit for auditors
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 …
HKFRS for Private Entities - Nelson CPA
www.nelsoncpa.com.hk5 Summary of HKFRS for PE 18 Intangible Assets Other Than Goodwill 19 Business Combinations and Goodwill 20 L ⇐HKAS 38 ⇐HKFRS 3 HKAS 17 35 sections in HKFRS for ...
Leases - Australian Accounting Standards Board
www.aasb.gov.au(d) licences of intellectual property granted by a lessor within the scope of AASB 15 Revenue from Contracts with Customers; and (e) rights held by a lessee under licensing agreements within the scope of AASB 138 Intangible Assets for such items as motion picture films, video recordings, plays, manuscripts, patents and copyrights.
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
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.
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.
Intellectual Property Valuation and Royalty Determination
brandfinance.comIntellectual property rights are a subset of intangible assets. The term ‘intellectual capital’ is generally used in a broader context, referring to all non‐monetary and non‐physical resources that contribute to value creation. This will include items such as human capital
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.
Intangible Assets - Australian Accounting Standards Board
www.aasb.gov.auIntangible Assets Measured after Recognition using the Revaluation Model 124 – 125 Research and Development Expenditure 126 – 127 Other Information 128 ILLUSTRATIVE EXAMPLES Assessing the Useful Lives of Intangible Assets Page 44 BASIS FOR CONCLUSIONS ON IAS 38 (available on the AASB website)
Intangible assets in a business combination
www.grantthornton.globalbeen subject to specific restrictions in International Accounting Standard 38 ‘Intangible Assets’ (IAS 38) that prohibit the recognition of many internally generated intangible assets (IAS 38.51-53). These restrictions do not apply to business combination accounting – in effect, all resources of the acquired business are regarded
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).
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,
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