Accounting for Goodwill and Other Intangible Assets

 
 
Standards Information Network (Verlag)
  • 1. Auflage
  • |
  • erschienen am 9. Oktober 2018
  • |
  • 288 Seiten
 
E-Book | PDF mit Adobe-DRM | Systemvoraussetzungen
978-1-119-15722-9 (ISBN)
 
Concepts, methods, and issues in calculating the fair value of intangibles Accounting for Goodwill and Other Intangible Assets is a guide to one of the most challenging aspects of business valuation. Not only must executives and valuation professionals understand the complicated set of rules and practices that pertain to intangibles, they must also be able to recognize when to apply them. Inside, readers will find these many complexities clarified. Additionally, this book assists professionals in overcoming the difficulties of intangible asset accounting, such as the lack of market quotes and the conflicts among various valuation methodologies. Even the rarest and most problematic situations are treated in detail in Accounting for Goodwill and Other Intangible Assets. For example, the authors analyze principles for identifying finite intangible assets and appropriately accounting for amortization expenses or impairment losses. Using the information in this book, the results of these calculations can also be reported with precision on financial statements. These topics are especially important for ensuring the success of any asset acquisition or business combination. In these special cases, the utmost accuracy is essential. This book provides: * Rules for identifying and recognizing intangible assets in business combinations and asset acquisitions * Guidance on the accurate valuation and carrying amount calculation of acquired and self-created intangibles * Tips for overcoming the challenges unique to intangible assets, including impairment testing * Clear instructions for disclosing intangible assets, goodwill, and amortization expenses Accounting for Goodwill and Other Intangible Assets is an indispensable reference for valuation students and specialists. Ervin L. Black and Mark L. Zyla provide thorough instructions for understanding, accounting for, and reporting this challenging asset class.
1. Auflage
  • Englisch
  • USA
John Wiley & Sons Inc
  • Für Beruf und Forschung
  • 2,86 MB
978-1-119-15722-9 (9781119157229)
weitere Ausgaben werden ermittelt
ERVIN L. BLACK, PHD, holds the Rath Chair in Accounting and is a Professor of Accounting at the University of Oklahoma. Widely published on financial and international accounting, he currently serves as the editor of the Journal of International Accounting Research and is co-author of the BNA Tax and Accounting Portfolio 5170, Business Combinations (Accounting Policy and Practice Series).

MARK L. ZYLA, CPA/ABV, CFA, ASA, is a Managing Director of Acuitas Inc., a valuation and litigation consultancy firm. He is the author of Fair Value Measurements: Practical Guidance and Implementation, and co-author of Bloomberg BNA's Tax and Accounting Portfolio 5127, Fair Value Measurements: Valuation Principles and Auditing Techniques (Accounting Policy and Practice Series).
1 - Cover [Seite 1]
2 - Title Page [Seite 3]
3 - Copyright [Seite 4]
4 - Contents [Seite 5]
5 - Introduction [Seite 7]
5.1 - A. Scope of Book [Seite 7]
5.2 - B. Definitions and Origins [Seite 8]
5.2.1 - 1. U.S. GAAP Synopsis [Seite 8]
5.2.2 - 2. IFRS Synopsis [Seite 12]
6 - Chapter 1 Recognizing Intangible Assets [Seite 15]
6.1 - A. Introduction and Background [Seite 15]
6.2 - B. Recognizing Intangible Assets under IFRS [Seite 19]
6.2.1 - 1. Definitional Criteria [Seite 20]
6.2.2 - 2. Recognition Criteria [Seite 22]
6.2.3 - 3. Examples [Seite 22]
6.3 - C. Self-Created Intangible Assets [Seite 23]
6.3.1 - 1. Internally Developed Software [Seite 23]
6.3.2 - 2. Website Development [Seite 31]
6.3.3 - 3. Research and Development Activities [Seite 33]
6.3.4 - 4. IFRS Rules on Internally Generated Intangible Assets [Seite 35]
6.4 - D. Intangible Assets Acquired in an Asset Acquisition [Seite 37]
6.4.1 - 1. U.S. GAAP [Seite 38]
6.4.2 - 2. IFRS [Seite 41]
6.4.3 - 3. Acquired Defensive Intangible Assets [Seite 43]
6.5 - E. Intangible Assets Acquired through a Business Combination [Seite 45]
6.5.1 - 1. Determining the Fair Value of the Consideration [Seite 46]
6.5.2 - 2. Identifying the Acquirer [Seite 47]
6.5.3 - 3. Determining the Acquisition Date [Seite 47]
6.5.4 - 4. Recognizing and Measuring the Identifiable Assets Acquired, the Liabilities Assumed, and Any Noncontrolling Interest in the Acquiree [Seite 47]
6.5.5 - 5. Recognizing and Measuring Goodwill or a Gain from a Bargain Purchase [Seite 58]
7 - Chapter 2 Initial Measurement of Acquired Intangible Assets [Seite 61]
7.1 - A. Overview of Fair Value Measurement as Applicable to Intangible Assets [Seite 61]
7.2 - B. Valuation Techniques and Inputs Relevant to Intangible Assets [Seite 62]
7.2.1 - 1. Inputs to Valuing Intangible Assets [Seite 62]
7.2.2 - 2. Valuation Approaches and Techniques [Seite 65]
7.3 - C. Applying Valuation Principles to Common Types of Intangible Assets [Seite 73]
7.3.1 - 1. Business Enterprise Value (BEV) [Seite 74]
7.3.2 - 2. Weighted Average Cost of Capital (WACC) [Seite 79]
7.3.3 - 3. Valuation of Specific Intangible Assets [Seite 80]
7.3.4 - 4. Conclusion of Example [Seite 97]
7.4 - D. Valuing Acquired Goodwill [Seite 97]
8 - Chapter 3 Amortizing Intangible Assets [Seite 103]
8.1 - A. Determining the Estimated Useful Life [Seite 104]
8.1.1 - 1. Considerations for Intangible Assets That Meet the Contractual-Legal Criterion [Seite 106]
8.1.2 - 2. Considerations for Intangible Assets That Meet the Separability Criterion [Seite 110]
8.1.3 - 3. Estimated Useful Lives of Defensive Assets [Seite 111]
8.1.4 - 4. Changes in the Determination of Useful Life [Seite 112]
8.2 - B. Amortization Methods for Intangible Assets [Seite 114]
8.3 - C. Amortizing Goodwill-Private Companies [Seite 115]
8.4 - D. IFRS Intangibles-Measurement after Recognition [Seite 118]
8.4.1 - 1. Determining the Estimated Useful Life [Seite 118]
8.4.2 - 2. Cost-versus-Revaluation Model [Seite 121]
8.4.3 - 3. Amortization of Intangible Assets [Seite 123]
9 - Chapter 4 Impairment Testing for Goodwill and Other Intangible Assets [Seite 125]
9.1 - A. Overview of the Impairment Testing Rules [Seite 125]
9.2 - B. Impairment Testing for Intangible Assets with Indefinite Lives [Seite 129]
9.2.1 - 1. When to Conduct Impairment Testing [Seite 130]
9.2.2 - 2. Grouping Assets into Units of Accounting [Seite 135]
9.2.3 - 3. Qualitative Assessment [Seite 144]
9.2.4 - 4. Quantitative Impairment Test [Seite 150]
9.3 - C. Impairment Testing for Intangible Assets with Finite Lives [Seite 153]
9.3.1 - 1. Creating Asset Groups [Seite 154]
9.3.2 - 2. When to Conduct Impairment Testing [Seite 157]
9.3.3 - 3. How to Conduct Impairment Testing [Seite 158]
9.4 - D. Impairment Testing for Goodwill [Seite 160]
9.4.1 - 1. When to Conduct Impairment Testing [Seite 162]
9.4.2 - 2. Reporting Units [Seite 165]
9.4.3 - 3. Qualitative Assessment [Seite 170]
9.4.4 - 4. Quantitative Goodwill Impairment Testing [Seite 174]
9.4.5 - 5. Calculating Present Value [Seite 179]
9.4.6 - 6. IFRS-Goodwill Impairment Testing [Seite 195]
9.4.7 - 7. Goodwill Impairment Testing for Private Enterprises and SMEs [Seite 200]
10 - Chapter 5 Financial Statement Presentation and Disclosures [Seite 205]
10.1 - A. Financial Statement Presentations [Seite 205]
10.1.1 - 1. Required Financial Statement Presentation for Intangible Assets [Seite 205]
10.1.2 - 2. Required Financial Statement Presentation for Goodwill [Seite 207]
10.2 - B. Financial Statement Disclosures [Seite 208]
10.2.1 - 1. Required Disclosures for Intangible Assets Other Than Goodwill [Seite 208]
10.2.2 - 2. Required Disclosures for Goodwill [Seite 218]
10.3 - C. IFRS Disclosure Requirements [Seite 224]
11 - Chapter 6 Deferred Tax Consequences of Goodwill and Intangible Assets [Seite 229]
11.1 - A. Introduction [Seite 229]
11.2 - B. Deferred Tax Consequences [Seite 230]
11.3 - C. Amortization of Goodwill and Certain Other Intangibles under I.R.C. § 197 [Seite 235]
11.3.1 - 1. Intangible Assets [Seite 238]
11.3.2 - 2. Excluded Items: Items That Are Not Intangibles [Seite 245]
11.3.3 - 3. IFRS [Seite 247]
12 - Working Papers [Seite 251]
12.1 - Worksheet 1: Key Differences between U.S. GAAP and IFRS Guidance on Intangible Assets and Goodwill [Seite 251]
12.2 - Worksheet 2: Jones Manufacturing Inc.-A Goodwill Impairment Testing Example [Seite 254]
12.3 - Worksheet 3: SEC Comment Letter on Research and Development Activity Disclosures to Amphastar Pharmaceuticals Inc., dated January 10, 2014 [Seite 255]
12.4 - Worksheet 4: Sample Disclosures under U.S. GAAP [Seite 257]
12.4.1 - The Walt Disney Company, 10-K Annual Report, Fiscal Year Ended September 29, 2012, with Bloomberg BNA Annotations in Italics [Seite 257]
12.5 - Worksheet 5: Sample Disclosures under IFRS [Seite 261]
12.6 - Worksheet 6: Nature and Components of Goodwill [Seite 262]
12.6.1 - Goodwill Is an Asset [Seite 262]
12.6.2 - Measurement and Components of Goodwill [Seite 263]
12.6.3 - Analysis of Avoidable Components of Goodwill [Seite 264]
12.6.4 - Recurring Issues Concerning Goodwill [Seite 267]
12.7 - Worksheet 7: Template for Memo on How Indefinite-Lived Intangible Assets Are Grouped for Impairment Testing [Seite 273]
13 - About the Authors [Seite 279]
14 - Index [Seite 281]
15 - EULA [Seite 291]

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