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invoice for impalpables: A Checklist A checklist for the reporting of acquired intangible summations Feb 2010  circumscribe method of accounting for Intangibles: A Checklist Contents 1. 2. Introduction relevant standards 1. 2. 3. 4. 5. IFRS 3, Business Combinations IFRS 8, Operating Segments IAS 1, display of financial Statements IAS 36, Impairment of Assets IAS 38, Intangible Assets 3. Checklist 1. Are there whatever approved methodologies for valuing intangibles? 2. Can I do the valuations internally? 3. What is the surpass way to communicate results to stakeholders? 4. How end I outdo have intercourse CGU issues? 5. How gage I avoid double counting asset values? 6. How do I ensure efficient value management? 7. What be the key IFRS 3 disclosures I train to make? 8. What is the best approach to IAS 36 impairment reviews? 9. What atomic number 18 the key impairment disclosures I need to make? 10. How do I ensure audit sign-off? 4. Con clusion 2 www.intangible cart track line.com Introduction Accounting for Intangibles: A Checklist 1. Introduction Accounting for acquired intangible assets can be a minefield.

There are financial authorities to satisfy, auditors to convince, standards to comply with, updates, revisions, exposure drafts and international variances to negotiate. The business ramifications can be significant. Accounting for intangibles has never been more topical, in specific as M&A activity is set to increase. The financial Reporting Review Panel (FRRP) can name and confuse individual companies for their failure t o adequately report and for the first dura! tion last year it did so for a company failing to identify intangibles. The Financial Reporting Council (FRC) is also targeting accounting for intangibles. In January 2010, it published a study into how 20 listed companies accounted for acquisitions, FRC Study, Accounting for Acquisitions. It think that overall, the results were disappointing and that there is a need for improved obligingness. It wants...If you want to get a full essay, order it on our website: BestEssayCheap.com

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