Intangible Assets Accounting Theory And Practice

In the era of science and technology, the proportion of the intangible assets has a dramatic increase in the national assets as a whole. At some hi-tech enterprises, the intangible assets such as patent, trademark and goodwill are steadily on the increase. They have even surpassed the fixed assets and become the most important property in the company. So the theory and application of the intangible assets are the points at issue in the field of financial accounting.Beginning with the definition of the intangible assets, this thesis gives detail exposition of its identification, measurement, amortization, and value reduction. With the developing of the enterprise's reform, identification and measurement of the goodwill become more and more important to the companies. In order to adapt to the new situation of the economics development, we should make a thorough study on the theory and practice of the goodwill.Part I : Identification and measurement of the intangible assets. The difficult point of this part is identifying the intangible assets created by the enterprise itself. Meanwhile, goodwill produced by the company also should be recognized. Measurement of the intangible assets explained the accounting basis of measurement -fair valuation and the necessity of the subsequent measurement of the intangible assets. I also put forward the defects and suggestions of our methods to the measurement.Part II: The accounting problem of the intangible assets in the era of the knowledge economics. This chapter explained the identification, measurement, amortization and disposure of the intangible assets.Part III: The management of the intangible assets. This chapter explained the existing problems and the good approaches in he management of the intangible assets.Part IV: The significance and difficulties of the existing theory of the intangible assets. I raised some defects of identifying, measuring and amortizing the intangible assets. How to identify and measure the goodwill is discussed in this part.