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Unformatted text preview: the value of intangibles over time.
1.1 How to approach the topic of intangibles
When faced with a complex problem, it is often tempting to plunge straight into its technical
aspects first. In our opinion, it is preferable - particularly from an educational point of view to begin examining the problem by a general overview of the possible solutions and what they
put at stake (for instance from a financial point of view). This requires an “a-national”
approach, in other words it is more useful to take time explaining the various possible
solutions than to study the way each country handles the issue.
In this perspective, we wanted to find out how the accounting regulations approached
intangible assets. This led to a relatively in-depth study of the definitions and recognition
criteria supplied by the official texts.
1.2 Classification and harmonization
The question of classification of intangible assets was examined by studying the various
definitions, recognition criteria and recommendations for treatment of their value over time
(amortization, revaluation, etc) set out in the accounting standards of a range of countries and
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This note was uploaded on 05/02/2013 for the course ECONOMIC economics taught by Professor Economics during the Fall '13 term at Elmont Memorial High School.
- Fall '13
- The Land