CHECK THESE SAMPLES OF Accounting of Intangible Assets
The first part reviews the significance of intangible assets in organizations and how it is assisting companies to maintain their position in the competitive environment.... Agenix Limited has a larger base of intangible assets than Acrux limited, in terms of financial value.... The best examples of intangible assets in organizations are the goodwill, intellectual property rights such as patents, copyrights, trademarks, brand recognition, etc....
8 Pages
(2000 words)
Essay
The accounting standard can be applied to all intangible assets except the assets that are within the scope of another standard.... It is inapplicable to the intangible assets held by someone... Non-current assets Contents Introduction 3 Differences in accounting treatment 3 Conclusion 6 References 7 Introduction IAS 16 Property, Plant and Equipment analyze the treatment of accounting for most types of property, equipments as well as plants.... Differences in accounting treatment The accounting standard of IAS 16 refers to the tangible noncurrent assets as property, plant and equipment and identifies that they hold a physical substance which can be used for delivery of goods or services or for purposes of administration....
4 Pages
(1000 words)
Essay
As taken earlier the two accounting standards AAS 18 and ASRB 1013 has certain implications as to how or to the extent to which the above mentioned categories can be applied as standard operating procedures for intangible assets.... The most important reason as the term "intangible" might itself suggest that quantifying such an asset would literally mean rationale treatment to the asset which means it would be complete subjective of one to classify them Similarly, just as assets can be quantified and expensed by some definite amount, such can not be applied to the case of intangible....
4 Pages
(1000 words)
Essay
Operational assets may be tangible or intangible assets but during acquisition proceedings the concern is of long term or non- current operational assets that are revenue yielding.... intangible assets have the main characteristic is that they lack physical substance.... intangible assets include patents, goodwill, copyrights, trademarks, franchises, organizational costs and others.... Let us examine the capitalization aspect under both tangible (Property Plant and Equipment) and intangible assets
Cost of Land that needed to be capitalized is all the expenditure on its acquisition that is incurred for getting it ready for its intended use....
9 Pages
(2250 words)
Essay
In the paper “intangible assets for Financial Reporting,” the author analyzes intangible assets, which have three important characteristics.... IAS 38 clarifies that intangibles should not be recorded as other assets.... Similarly differed tax assets, leases, assets arising from employee benefits, financial assets, mineral rights, and other exploration and evaluation assets, and most importantly goodwill arising from business combinations do not fall the preview of IAS 38....
7 Pages
(1750 words)
Assignment
hellip; Goodwill does not meet the definition of intangible asset according to AASB 138, since it is not identifiable as it could not be sold or transferred.... Goodwill is measured as an excess of the cost of business over the net fair value of assets, liabilities and contingent liabilities incurred or assumed at the acquisition date.... Furthermore, there can be several other reasons leading to write down of the goodwill such as a significant decrease in the market value of the assets or a business climate that adversely affects the value of the assets of the acquired company....
4 Pages
(1000 words)
Essay
Mackintosh told that initiative to accomplish international accounting standards was started in 1973 with the… lishment of the International accounting Standards Committee (IASC) which was mainly intended to minimise the differences in the national accounting standards against the globally agreed benchmarks.... After the lapse of twenty-five years, the accounting standards of those nations This is because each nation has adopted only some portions of the international standards of their choice and as recommended by their home standard-setting board....
11 Pages
(2750 words)
Essay
The author outlines a required radical change in rules, regulations, and standards for the recognition, measurement, and valuation of intangible assets.... This work "Intangibles Seek Due Recognition" discusses intangible assets that are represented by patents, goodwill, copyrights, human capital, intellectual property.... This remaining value is the value of non-physical assets called by accountants as intangible assets.... It is time that due recognition is given to intangible assets that contribute effectively to the value of the companies....
7 Pages
(1750 words)
Coursework