| Description |
viii, 130 pages ; 22 cm |
| Contents |
1. Introduction. Changes in the Traditional Approach. Need for an Acceptable View Useful to All. Differences in Background and Use of Accounts. Not All Intangibles the Same. General Principles Which Apply To All? -- 2. Goodwill. Traditional Definition. Accountants Understate Assets, Overstate Goodwill. Value vs. Sale Price. Valuation Without Sale. Amortise Goodwill, Depreciate Tangibles -- 3. Brand Names and Patents. Three Criteria for Value. Asset Intangible, Earnings Tangible? Intangible Asset, Tangible Sale Price? Replacement Cost. Converting Economic Value to Accounting Value. Doubts About Valuation Techniques. Conservative, Yes; Deny, No. Weaknesses in Valuation Even Handed. Obsessed with Cost not Value -- 4. Capitalised Expenses. Genuinely Intangible - Pure Accounting Fabrication. Cost - But Not Asset. Value Reflects Earning Power. Distorts and Conceals. Misguided, Not Deliberately Misleading. The Place for Accountants to Tighten -- 5. Uses and Situations. Introduction |
|
Accounting Aside. Goodwill. Patents. Brand Names. Ratios and Covenants. Values in Insolvency. Does the Difference Matter? -- 6. Conclusion. 'Liquidation Analysis' Still Rules. Failure to Adapt to Inflation. Banks Move Forward. The Position of Investors, and Others. The Need for Accounting to Focus on Value |
| Notes |
Includes index |
| Bibliography |
Includes index |
| Subject |
Asset-liability management -- United States.
|
|
Intangible property -- Valuation -- United States -- Management.
|
| LC no. |
92005286 |
| ISBN |
0312079818 |
|
0333567021 |
|
