The Value Evaluation Research Of Technical Intangible Assets For C Company

Nowadays,with the rapid development of knowledge economy,intangible assets play a more and more important role in enterprise value.Compared with tangible assets and other intangible assets,intangible assets of technology is the key to improve the core competitiveness of enterprises.As the preferred method for the evaluation of intangible assets,the estimation of the evaluation parameters is the difficulty in the theoretical research and practice.Therefore,how to accurately determine sharing rate,discount rate and other parameters in order to better use the income method to assess the intangible assets of technology is the urgent need to solve the problem in the field of assessment.This paper introduces the theory and method of the valuation of intangible assets,and takes C company as a case to study the evaluation parameters of the intangible assets when using the income approach.Through the analysis,this paper thinks that there are many problems in the practice of evaluation,such as determining the discount rate,the discount rate caliber and revenue caliber inconsistent;improper enterprise assets classification when using weighted capital cost hindcasting;confusion of discount rate and discount rate of technological intangible assets.To determine the sharing rate,estimation order exists flaw;ignoring the differences in intangible assets sharing rate between the matched firm and evaluated firm;technological intangible assets accounted for the proportion of intangible assets by experience,lack of quantitative analysis.Aiming at the problems discount rate exists,in the paper,when using weighted capital cost hindcasting,putting pre-tax cost of capital as the calculation basis,tax shield present value as a kind of enterprise assets,and finally separating the technical intangible assets discount rate from the intangible assets discount rate according to the characteristics of the intangible assets.Aiming at the problems sharing rate exists,we choose net profit margin on sales to adjust intangible assets sharing rate of the matched firm.We use AHP to determine the proportion of technical intangible assets accounted for intangible assets,resulting in a more scientific and accurate assessment of the value of the technical intangible assets.The paper finally verifies the rationality of the improvement plan from three aspects,that is consistency check,sensitivity analysis,the rationality analysis.