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Unformatted text preview: terms of definition and
treatment. We identify and compare the diversity of definitions of intangibles given by this
text and the equivalent standards in the European Union members, plus a certain number of
other countries such as the United States of America.
The main contribution of this research is to highlight the various classifications adopted for
intangibles by different regulations and to present an “accounting classification of
intangibles”, thus explaining why some intangible items are not included in the balance sheet
of a company. 1 INTRODUCTION
The topic of intangibles has been controversial and a source of debate for many years.
Various definitions and classifications of intangibles have been suggested over the last few
years in order to provide a better understanding of the concept, achieve reliable measurement
of intangible investments and promote understanding and communication between
researchers, management, users of financial information and policy makers. Given this
background, the objective of this paper is to look at the regulations surrounding intangibles,
as found in 23 internatio...
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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