The goals and presumptions of balancing intangible assets
Modern economic theorists argue that there will be a new phase in the development of economic system of highly developed countries in which, along with production and trade of tangible assets and classic services, the most significant growth will occur in the trade of intangible assest, ideas and pa...
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Veröffentlicht in: | Financing - naučni časopis za ekonomiju 2019, Vol.10 (4), p.47-70 |
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Hauptverfasser: | , , |
Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | Modern economic theorists argue that there will be a new phase in the development of economic system of highly developed countries in which, along with production and trade of tangible assets and classic services, the most significant growth will occur in the trade of intangible assest, ideas and patents, provided that there is a reliable legal system that will enable it. Balancing and accounting treatment rely on dependable international acccountancy standards and international standards of financial reporting that regulate accounting treatment of intangible assests. The International Accountancy Standard 38 – Intangible AssetsTInaANNestablishes the accounting treatment of intangible assets that has not been dealt with other accounting standards. The standard requires recognition of intangible assets if, and only if certain criteria are met. The standard also specifies how to measure the carrying amount of an intangible asset and requires certain disclosures. Apart from this standard, there are also some other laws and bylaws that regulate accounting treatment of intangible assets, which have been thoroughly discussed in this admission paper. |
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ISSN: | 1986-812X 2233-1131 |