Intangible Assets: Measurement and Accounting Practices
ICFAI University Press, 2008
8 Pages Posted: 3 Dec 2011 Last revised: 23 May 2012
Date Written: May 23, 2012
In the 21st century much emphasis is being laid on intangible assets as they are major contributors to the market values of firms. They are vital strategic resources and are the critical sources of competitive differentiation. Wealth and growth of firms in today’s market place are governed mainly by them. This book highlights the importance, valuation practices and major challenges for intangible assets. In the current era of knowledge economy, they are occupying dominant proportions of firms’ overall assets. This book signifies the relevance and importance of intangible assets in the new economy and underlines their evaluation and measurement issues. It also covers different methods of accounting and accounting standards for them. This book is presented in three sections and contains thirteen articles.
The first section “Creating Value and Perspectives” contains articles on the introduction of intangible assets, their management as a strategy for enhancing value, creating shareholder value by exploiting internal and external intangibles, intangible asset and intellectual property valuation from multidisciplinary and legal perspectives. The second “Identification and Valuation” contains articles on the identification and measurement of intangible assets for sound corporate governance, valuing intangible assets, measuring and managing intangible value drivers, quantifying intangible value and valuation of intangible assets in the air transportation sector. The third “Accounting and Reporting“ contains articles on accounting for intangibles and emerging challenges, accounting standards for intangibles reporting, intellectual capital reporting concepts and key methodologies.
Keywords: Intangible assets, valuation, measurement, reporting
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