The Accounting for Intangible Assets and Impact of Assets Impairment

Nicolae Traian Cristin ()
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Nicolae Traian Cristin: Department of Finance and Accounting , Faculty of Economic Sciences, University “OVIDIUS”, Constantza, Romania

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 684-689

Abstract: The intangible assets are increasingly considered the ultimate roots of company’s performance. The recent global financial crisis has awakened everyone associated with the field of management and accountancy. The importance and attractiveness of accounting numbers (earnings, dividends, and cash flows), which play a significant role in business valuation, is increasing day by day. The paper investigates the impact of IAS 36 “Assets impairment” on analysts’ choice and selection of different valuation models. Fair value accounting is used when reliable fair value estimates are available and when they convey information about operating performance. In some cases, although some assets contribute to the estimation of future cash flows, they can not be allocated to that cash-generating unit on a reasonable and consistent. This could be the case of goodwill or a corporate asset, such as those belonging to the corporate headquarters.

Keywords: intangible assets; assets impairment; fair value. (search for similar items in EconPapers)
JEL-codes: G32 M41 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:684-689

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