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Unformatted text preview: o see whether the same two models apply when only intangible
assets are taken into consideration.
Finally, based on our tables, we identified several possible classifications of intangibles for
accounting purposes, depending on the type of approach to intangibles, the related recognition
criteria, and the different treatments of changes in their value.
3. HOW INTANGIBLE ASSETS ARE DEFINED
3.1 Study of definitions
In this pragraph we consider the “definitions” of intangible assets encountered in accounting
standards. By the term definition, we mean the way that different countries’ accounting
systems approach and envisage the concept of an intangible. Interestingly, all the countries in
our sample are familiar with the idea of intangible assets.
Figure 1 – How intangible assets are defined Conceptual approaches
By opposition (-)
Real (+) List-based approaches In practice, whenever the question of defining intangible assets arises, there are two main
types of approach as shown in the diagram above (figure 1). They ar...
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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