Unformatted text preview: inclusion criteria and two exclusion criteria as defined by Lacroix.
Reference to the market is used by all the sample countries, and 17 countries use the two
exclusion criteria and the socio-legal recognition criterion.
• 7% of the entities (8 out of 17) have adopted the socio-legal recognition criterion.
• 4% of the entities (16 out of 17) have adopted the risk level recognition criterion, and
• 7% of the entities (8 out of 17) have adopted the value measurement exclusion criterion.
It can therefore be considered that an implicit classification of intangibles, based on these four
recognition criteria, emerges from our international comparison of accounting systems.
Comparison of these criteria and Mueller, Gernon and Meek’ models does not enable us to
determine whether their division into Anglo-Saxon and Continental systems is relevant for
Examination of the definitions and recognition criteria has led us to a better understanding of
the accounting standards’ approaches to intangibles, where t...
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- Fall '13
- The Land