search query: @indexterm intellectual capital / total: 172
reference: 104 / 172
| Author: | Donohue, J. Vallario, C. W. |
| Title: | A New Scorecards for Intellectual Property |
| Journal: | Journal of Accountancy
2002 : APR, VOL. 193:4, p. 75-79 |
| Index terms: | INTELLECTUAL CAPITAL PROPERTY ANALYTICAL REVIEW EXECUTIVES |
| Language: | eng |
| Abstract: | CPAs need to advise companies on appropriate disclosure to financial statement users of intangible assets, acquired either separately or as part of a business combination. Auditors and corporate finance executives must be aware of an important distinction in accounting for business combinations - certain intangibles such as intellectual property (IP) must be amortized and cannot be allocated to goodwill. FASB implemented new standards, effective July 2001, which changed the accounting treatment for business combinations by eliminating pooling and goodwill amortization. Regulators will question allocating the purchase price to goodwill rather than to intellectual property and other intangible assets unless companies can support the allocation. |
SCIMA