Intro

invoice for Intangibles: A Checklist
A checklist for the reporting of acquired intangible summations

Feb 2010

Contents

method of accounting for Intangibles: A Checklist

Contents

1. 2.

Introduction Relevant standards 1. 2. 3. 4. 5. IFRS 3, Business Combinations IFRS 8, Operating Segments IAS 1, display of financial 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 can I best have intercourse CGU issues? 5. How can 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.

Conclusion

2

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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 particular as M&A activity is set to increase. The Financial Reporting Review Panel (FRRP) can name and shame individual companies for their failure to adequately report and for the first eon last year it did so for 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 cerebrate that overall, the results were disappointing and that there is a need for improved deference. It wants...If you want to get a full essay, order it on our website: Ordercustompaper.com



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