Cover image for Accounting for Goodwill and Other Intangible Assets

Accounting for Goodwill and Other Intangible Assets

Author Mark L. Zyla , Ervin L. Black
Release Date: 2018/10/01
ISBN: 9781119157151
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Book Description

Concepts, methods, and issues in calculating the fair value of intangibles

Accounting for Goodwill and Other Intangible Assets is a guide to one of the most challenging aspects of business valuation. Not only must executives and valuation professionals understand the complicated set of rules and practices that pertain to intangibles, they must also be able to recognize when to apply them. Inside, readers will find these many complexities clarified. Additionally, this book assists professionals in overcoming the difficulties of intangible asset accounting, such as the lack of market quotes and the conflicts among various valuation methodologies.

Even the rarest and most problematic situations are treated in detail in Accounting for Goodwill and Other Intangible Assets. For example, the authors analyze principles for identifying finite intangible assets and appropriately accounting for amortization expenses or impairment losses. Using the information in this book, the results of these calculations can also be reported with precision on financial statements. These topics are especially important for ensuring the success of any asset acquisition or business combination. In these special cases, the utmost accuracy is essential. This book provides:

  • Rules for identifying and recognizing intangible assets in business combinations and asset acquisitions
  • Guidance on the accurate valuation and carrying amount calculation of acquired and self-created intangibles
  • Tips for overcoming the challenges unique to intangible assets, including impairment testing
  • Clear instructions for disclosing intangible assets, goodwill, and amortization expenses

Accounting for Goodwill and Other Intangible Assets is an indispensable reference for valuation students and specialists. Ervin L. Black and Mark L. Zyla provide thorough instructions for understanding, accounting for, and reporting this challenging asset class.

Table of Contents

  1. Cover
  2. Introduction
    1. A. Scope of Book
    2. B. Definitions and Origins
    3. Notes
  3. CHAPTER 1: Recognizing Intangible Assets
    1. A. Introduction and Background
    2. B. Recognizing Intangible Assets under IFRS
    3. C. Self-Created Intangible Assets
    4. D. Intangible Assets Acquired in an Asset Acquisition
    5. E. Intangible Assets Acquired through a Business Combination
    6. Notes
  4. CHAPTER 2: Initial Measurement of Acquired Intangible Assets
    1. A. Overview of Fair Value Measurement as Applicable to Intangible Assets
    2. B. Valuation Techniques and Inputs Relevant to Intangible Assets
    3. C. Applying Valuation Principles to Common Types of Intangible Assets
    4. D. Valuing Acquired Goodwill
    5. Notes
  5. CHAPTER 3: Amortizing Intangible Assets
    1. A. Determining the Estimated Useful Life
    2. B. Amortization Methods for Intangible Assets
    3. C. Amortizing Goodwill—Private Companies
    4. D. IFRS Intangibles—Measurement after Recognition
    5. Notes
  6. CHAPTER 4: Impairment Testing for Goodwill and Other Intangible Assets
    1. A. Overview of the Impairment Testing Rules
    2. B. Impairment Testing for Intangible Assets with Indefinite Lives
    3. C. Impairment Testing for Intangible Assets with Finite Lives
    4. D. Impairment Testing for Goodwill
    5. Notes
  7. CHAPTER 5: Financial Statement Presentation and Disclosures
    1. A. Financial Statement Presentations
    2. B. Financial Statement Disclosures
    3. C. IFRS Disclosure Requirements
    4. Notes
  8. CHAPTER 6: Deferred Tax Consequences of Goodwill and Intangible Assets
    1. A. Introduction
    2. B. Deferred Tax Consequences
    3. C. Amortization of Goodwill and Certain Other Intangibles under I.R.C. § 197
    4. Notes
  9. Working Papers
    1. Worksheet 1: Key Differences between U.S. GAAP and IFRS Guidance on Intangible Assets and Goodwill
    2. Worksheet 2: Jones Manufacturing Inc.—A Goodwill Impairment Testing Example
    3. Worksheet 3: SEC Comment Letter on Research and Development Activity Disclosures to Amphastar Pharmaceuticals Inc., dated January 10, 2014
    4. Worksheet 4: Sample Disclosures under U.S. GAAP
    5. Worksheet 5: Sample Disclosures under IFRS
    6. Worksheet 6: Nature and Components of Goodwill
    7. Worksheet 7: Template for Memo on How Indefinite-Lived Intangible Assets Are Grouped for Impairment Testing
    8. Notes
  10. About the Authors
  11. Index
  12. End User License Agreement
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