Intangible asset

Disclosures on Intangible Assets 5 Compliance with AASB 138, Paragraphs 118 to 123 and 126 to 128 6 Differences in Disclosures Between the Two Companies 7 RECOMMENDATIONS 9 LIST OF REFERENCES 10 APPENDICES 11 Appendix A – Cervantes Corporation Ltd. – Consolidated Statement of Financial Position 11 Appendix B – Cervantes Corporation Ltd. – Note 1 (i) 11 Appendix C – Cervantes Corporation Ltd. – Note 13 12

What is intangible asset Companies always have different kinds of assets, such as buildings and machines, but they also have some other assets like brand names, research and development, copyrights or patents. These assets contain three essential characteristics: they are assets, they lack physical substance and they are identifiable non-monetary. This kind of asset is called intangible asset. It can be recognized if it can meet these four criteria: it is separately identifiable, controlled by the

Assets 2 (Intangible Assets) Based on Week 4 Due Week 5 (due 25th March) NOTE: Provide references for your answers and quote where you have written something that is word-for-word from a source Textbook Questions (15 marks): Challenging Question 29 (5 marks) Inglis Ltd has a number of taxi licences that are shown in the financial statements at cost. Can these licences be revalued to fair value and, if so, do they also need to be subject to periodic amortisation? Yes, if these taxi licenses

madhan rajan   An intangible asset is an identifiable non-monetary asset without physical substance. (AASB 138, para 8). In order for an asset to be recognised as an intangible asset three main characteristics have to be met namely they are: (i) identifiable, (ii) non-monetary, (iii) without physical substance. An intangible asset can either be separately acquired or internally generated. This report will focus on the accounting treatment of internally generated intangible assets prior to and after

as intangibles have become one of the crucial drivers for the economic performances of most companies. However measuring the value of an intangible asset with accuracy and treating it correctly for the preparation of financial statements has been found to be quite difficult. In fact, one of the most contested areas of accounting lies with the treatment of internally generated intangibles assets – Research and Development. In simple words, the basic difference between tangibles and intangibles is

Executive summary Recently, importance of intangible assets for a reporting entity has been increasing continuously. This report will discuss intangible assets with indefinite or infinite useful life and research and development expenditure in SEEK Ltd annual report 2014. This report will state the background of SEEK Ltd and the increasing importance of intangible assets. Furthermore, the disclosure of intangible assets and research and development expenditure will be revealed. Moreover, this report

The economic properties of intangible assets and their consequences 6 1.2.1 The main economic features of intangibles 6 1.2.2 Intangible assets and resource allocation 7 2. The OECD’s approach to taxing digital activities 9 2.1. The redefinition of the permanent establishment concept 9 2.2. The transfer pricing aspects of intangible assets 12 2.2.1 The limits of the arm’s length principle 12 2.2.2 The proposed revision of the transfer pricing regime for intangibles 13 2.2.3 Risks and capital associated

A REPORT ON Case Study on Measuring Intangible Assets – Indian Experience - 1 - BEYOND BALANCE SHEETS… Measuring Intangible assets- an Indian case study “Just as you can 't measure what you can 't describe, you can 't manage what you can 't measure...” While many companies have strived to differentiate their annual reports and make them informative, attractive and easy to read, most still take a rear-view-mirror approach, focusing almost exclusively on history and analyses of past performance

What is meant be the term “intangible asset?” Intangible assets are defined as identifiable non-monetary assets that cannot not be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset. Corporate intellectual property (items such as patents, trademarks, copyrights, business methodologies), goodwill and brand recognition are all common intangible assets in today’s marketplace. Intangible assets have 3 critical attributes

Intangible Assets as a Source of Competitive Advantage Look No Further Managing Intangibles seems to be a smart idea. But to bet on it, one has to create a whole new organization. The concept of intangibles is not new, but across the globe, companies are slowly coming to grips with it. tury back physical, tangible assets created wealth; today, it’s intangible assets that are creating wealth. It’s a concept that packs a lot of punch but has no form as such. It questions capitalism for its emphasis