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Unformatted text preview: rding the concept of intangibility: this consensus
would encompass and go beyond the partial solutions recommended for treatment of research
and development costs or software expenses”.
As Lacroix (1996) suggests, it can be supposed that these fragmented approaches encourage
the development of more general criteria for recording intangibles. The concept of an
intangible asset – fixed assets other than tangible assets and financial assets – does not
provide a basis for more in-depth analysis. In the same work, Lacroix identifies generallyused recognition criteria for intangible assets from a study of the specific conditions for
recording intangibles in company and consolidated financial statements. For her, the French
General Accounting Plan (Plan comptable général) uses one general criterion and other
specific criteria for recognition of intangible assets, some of which are criteria for inclusion,
while others are criteria for exclusion.
We should therefore consider that the “gap...
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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