Intangible Assets
FEATURED ARTICLES
All articles in this category pertain to intangible assets. Intangible assets are nonphysical resources with long-term benefits to the company, such as software, patents, or customer lists. They can be either created by or acquired by a business.
US GAAP has specific rules about the recognition of intangible assets on financial statements. Important accounting standards related to intangible assets include ASC 350, GASB 51, GASB 96, and IAS 38.
Learn more about intangible assets below.
Recent articles
Goodwill impairments surged during pandemic
This article discusses the increase in goodwill impairments during the COVID-19 pandemic.
Government accountants procrastinating on GASB leases standard
Government accountants needs to adopt the new GASB standards now to avoid scrambling in the future.
An Overview of Goodwill
What is goodwill? Goodwill is an intangible asset resulting from the purchase of an entity for more than its fair market value. The concept of goodwill is used when an entity is acquiring another entity. It is recorded when the buying price is more than the sum of the...
GASB Explained: Government Accounting Standards, New GASB Standards, and a Full List of Statements
This article breaks down all of the government accounting standards, including GASB 87 and GASB 96.
How To Convince Your Board You Need a GASB Software Solution
Use these tips to convince your board to get accounting software.
Investors want better disclosures on goodwill
The CFA Institute released the results Tuesday of a global survey of investment professionals on accounting for goodwill, related disclosures, and how those issues are affecting analysis and investment decision-making.The survey found that investors would prefer one...