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Given the growing importance of intangible assets as a source of economic growth and tax revenue, [12] and because their non-physical nature makes it easier for taxpayers to engage in tax strategies such as income-shifting or transfer pricing, [16] tax authorities and international organizations have been designing ways to link intangible ...
Intangible asset finance, also known as IP finance, is the branch of finance that uses intangible assets such as intellectual property (legal intangible) and reputation (competitive intangible) to gain access to credit. Like other areas of finance, intangible asset finance is concerned with the interdependence of value, risk, and time.
Goodwill and intangible assets are usually listed as separate items on a company's balance sheet. [ 4 ] [ 5 ] In the b2b sense, goodwill may account for the criticality that exists between partners engaged in a supply chain relationship, or other forms of business relationships, where unpredictable events may cause volatilities across entire ...
Assets can be tangible, like a delivery van or a laptop, or intangible, like stocks or trademarks. Assets benefit your company by generating income, increasing in value, or being used to create ...
Unlike physical assets such as machinery or real estate, intangible assets lack a physical presence. They include things like brand recognition, customer loyalty, patents, copyrights and business ...
These physical assets lose value due to wear and tear or obsolescence. Amortization applies to intangible assets, like patents, trademarks and goodwill. These assets, while non-physical, also ...
The IFRS (International Financial Reporting Standards) committee developed the International Accounting System 38 with the purpose of prescribing the accounting treatment for intangible assets. IAS 38.8 defines an intangible asset as an identifiable non-monetary asset without physical substance. An asset is a resource that is controlled by the ...
A knowledge economy emphasizes the importance of skills in a service economy, the third phase of economic development also called a post-industrial economy. It is related to an information economy , which emphasizes the importance of information as non-physical capital, and a digital economy , which emphasizes the degree to which information ...