Intro

invoice for intangibles: A Checklist A checklist for the reporting of acquired intangible summations Feb 2010  limit method of accounting for Intangibles: A Checklist Contents 1. 2. Introduction applicable standards 1. 2. 3. 4. 5. IFRS 3, Business Combinations IFRS 8, Operating Segments IAS 1, display of fiscal Statements IAS 36, Impairment of Assets IAS 38, Intangible Assets 3. Checklist 1. Are there whatever approved methodologies for valuing intangibles? 2. Can I do the valuations internally? 3. What is the surpass way to communicate results to stakeholders? 4. How poop I outstrip have intercourse CGU issues? 5. How foot I avoid double counting asset values? 6. How do I ensure efficient value management? 7. What be the key IFRS 3 disclosures I train to make? 8. What is the best approach to IAS 36 impairment reviews? 9. What atomic number 18 the key impairment disclosures I need to make? 10. How do I ensure audit sign-off? 4. Conclusi on 2 www.intangible revile line.com Introduction Accounting for Intangibles: A Checklist 1. Introduction Accounting for acquired intangible assets can be a minefield.

There are financial authorities to satisfy, auditors to convince, standards to comply with, updates, revisions, exposure drafts and international variances to negotiate. The business ramifications can be significant. Accounting for intangibles has never been more topical, in peculiar(prenominal) as M&A activity is set to increase. The fiscal Reporting Review Panel (FRRP) can name and take down individual companies for their failure to adequately report and for the first date last year it did so fo! r a company helplessness to identify intangibles. The Financial Reporting Council (FRC) is also targeting accounting for intangibles. In January 2010, it published a study into how 20 listed companies accounted for acquisitions, FRC Study, Accounting for Acquisitions. It cogitate that overall, the results were disappointing and that there is a need for improved esteem. It wants...If you want to get a full essay, order it on our website: BestEssayCheap.com

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