Detail A New Scorecard for Intellectual Property   Oleh:  Vallario, Cynthia Waller ; Donohue, James Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 193 no. 4 (Apr. 2002), page 75-80. Topik: INTELLECTUAL PROPERTY; scorecard; intellectual property Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Auditors and finance executives are charged with helping companies make sure they appropriately disclose intangible assets, acquired either separately or as part of a business combination, to financial statement users. Now that FASB Statement no. 141, Accounting for Business Combinations, and Statement no. 142, Accounting for Goodwill and Other Intangible Assets, are in effect, companies can no longer combine goodwill with other intangible assets such as intellectual property (IP) on their balance sheets. Instead they must report goodwill and intangibles separately, must disclose intangible asset classes - such as patents and trademarks - and must provide the estimated useful lives of such intangible assets in financial statement footnotes. (For more information see “Say Good-bye to Pooling and Goodwill Amortization,” JofA, Sep. 01, page 31). By specifically identifying patents, trademarks, trade secrets, licensing agreements and other IP involved in a business combination as intangible assets that require a separate valuation apart from goodwill, FASB has highlighted the importance of IP in the allocation process (see exhibit). As a result, auditors and corporate finance executives must be aware of a significant distinction in the accounting treatment of business combinations : While goodwill no longer will be amortized, certain intangibles (those with finite lives) must be. Since companies generally are reluctant to report an item that may have a negative impact on earnings, such as depreciating intangibles, CPA s must recognize when a purchase price allocation might raise questions from the SEC to ensure their clients are not surprised after the business combination is completed. Unless companies can support their accounting decisions, regulators will question allocating the entire purchase price to goodwill rather than part of it to IP and other intangible assets. Here’s some guidance for CPA s on how to handle these IP accounting issues to ensure the success of a business combination. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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