Measuring the Convergence Degree between Accounting and Valuation Standards: Case Study on Intangible Assets

International Journal of Business Research, Vol. 10, No. 2, 2010

10 Pages Posted: 17 Aug 2011

See all articles by Adela Deaconu

Adela Deaconu

Babes-Bolyal University - Faculty of Economics and Business Administration

Nistor Cristina Silvia

Babes-Bolyai University - Faculty of Economics and Business Administration

Filip Crina

Babes-Bolyai University - Faculty of Economics and Business Administration

Dan Cuzdriorean

Babes-Bolyai University

Date Written: August 17, 2011

Abstract

This research measures the convergence between fair value accounting and valuation regulations in the case of intangible assets. In this respect, it analyzes through an empirical approach the accounting and valuation rules and the determinant factors of the similarities or dissimilarities between them. It brings forward three areas of analysis with normative and practical significance. The findings indicate a moderate convergence degree between the accounting and valuation regulations. The major causes for this dissimilarity appear to be the conceptual outlook and disclosure requirements, while for valuation treatment there seems to be a very high degree of similarity. The recommendations of this study to the two standard setters may trigger a growth of the users’ confidence in the valuations based on IVS, more clearly determined and more consistently described and disclosed, as well as to the improvement of the usefulness of financial reporting by reducing information asymmetry.

Keywords: valuation for financial reporting, IVS, IFRS, correlation degree, intangible assets

Suggested Citation

Deaconu, Adela and Cristina Silvia, Nistor and Crina, Filip and Cuzdriorean, Dan, Measuring the Convergence Degree between Accounting and Valuation Standards: Case Study on Intangible Assets (August 17, 2011). International Journal of Business Research, Vol. 10, No. 2, 2010, Available at SSRN: https://ssrn.com/abstract=1911252

Adela Deaconu (Contact Author)

Babes-Bolyal University - Faculty of Economics and Business Administration ( email )

Str Teodor Mihali, Nr.58-60
Cluj-Napoca, RO- 400591
Romania

Nistor Cristina Silvia

Babes-Bolyai University - Faculty of Economics and Business Administration ( email )

Str Teodor Mihali, Nr.58-60
Cluj-Napoca, RO- 400591
Romania

Filip Crina

Babes-Bolyai University - Faculty of Economics and Business Administration ( email )

Str Teodor Mihali, Nr.58-60
Cluj, RO- 400591
Romania

Dan Cuzdriorean

Babes-Bolyai University ( email )

58-60 Teodor Maniu street, Cluj-Napoca
67 Iuliu Maniu street, Sighetu Marmatiei
RO-3400 Cluj-Napoca, Cluj 435500
Romania

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