PPT-Intangible Assets, Value Relevance, and Accounting Anomalie

  Wanncherng Wang Professor of Accounting Department of Business Administration College of Management National Sun YatSen University No 70 Lienhai Rd Kaohsiung 80424 Taiwan ROC. 5: Accounting for Intangible Assets and Goodwill. Financial . Accounting BFA201. Learning . Objectives. To demonstrate your understanding of:. AASB 138 – Intangible assets . R&D (Research & Development). What are intangible assets? Intangible assets are assets that do not have a physical or financial embodiment. Termed ‘intellectual assets’ in previous OECDwork, intangible assets have also Harmon. University of California, Santa Barbara. Westmont College. INTERMEDIATE ACCOUNTING: IFRS EDITION, 2/E. Chapter 12. PREVIEW OF CHAPTER. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. Chapter 12 . Intangibles. © 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.. Where’s the Value?. Presented at the 3. rd. World KLEMS Conference at Tokyo on May 19. th. Tsutomu . Miyagawa. (. Gakushuin. University and RIETI). Konomi. . Tonogi. (Kanagawa University). Shoichi. . Hisa. (Kanagawa University). Intangible assets. Damania & Varaiya. 1. Intangible Assets Definition. An intangible asset is . An identifiable. Non monetary asset. Without physical substance. Damania & Varaiya. 2. Identifiability. (1)Meaning. : . Intangilbe. assets means . assets. , . without physical substance. , which are under control of entity held for . use,production. of goods, rendering of services and having future economic benefits.. Assets. IAS 38. 2015. 1. Two Main Characteristics. :. Characteristics. Lack of physical existence.. They are not financial instruments.. Normally classified as long-term asset.. Common types of intangibles:. At the end of this lesson, you should be able to:. Identify the current practice for accounting for intangible assets;. Apply the relevant accounting standard on intangible assets; . and. Appraise the principal issues in accounting for intangible assets.. Lecture 5. Intangible . Assets. (R &D, Goodwill, Patent, Brands) . Dr Aziz . Jaafar. Coverage. Intangible assets. Research and Development. Goodwill . Internally Generated. Purchased Goodwill (Goodwill on Consolidation). Operational Assets. Acct 2210 - Chapter 8. McGraw-Hill/Irwin. McGraw-Hill/Irwin. Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.. LO 1. Identify different types of long-term operational assets.. Operational Assets. Acct 2210 - Chapter 8. McGraw-Hill/Irwin. McGraw-Hill/Irwin. Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.. LO 1. Identify different types of long-term operational assets.. . VIBHA . (5159). . . MEENAKSHI (5187). MANPREET(5191) . CLASS:- . B.COM 3. RD. YEAR(HONS.). SEMESTER:- . 6. SESSION:- . 2016-2017. INTRODUCTION. , and . amortization of intangible . assets.. 2. Describe . the accounting for . various types . of intangible . assets.. 3. Explain . the accounting issues for recording goodwill.. LEARNING OBJECTIVES.