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Accounting for Intangibles: A Theory Perspective
Citation
Hodgson, A and Okunev, J and Willett, RJ, Accounting for Intangibles: A Theory Perspective, Accounting and Business Research, 23, (90) pp. 138-58. ISSN 0001-4788 (1993) [Refereed Article]
Copyright Statement
Copyright 1993 Routledge
DOI: doi:10.1080/00014788.1993.9729871
Abstract
This paper uses a transactions theory approach to analyse some of the measurement and disclosure issues involved in accounting for goodwill and other intangibles. The recent professional and academic literature is reviewed and the traditional economic theory approach to interpreting accounting issues in these areas is criticised. A form of transactions theory called ‘Statistical Transactions Theory’ is then used to investigate several conceptual problem areas, notably: the definition of goodwill and fair values; the distinction between goodwill and other intangibles; and capitalisation, amortisation and valuation issues. The authors conclude that the most fruitful course of action in dealing with these issues would be a substantial research effort designed to investigate the distributional properties of accounting numbers relating to the subject of intangibles measurement, including goodwill as defined in this paper. They call for more analytic and empirical work in this field.
Item Details
Item Type: | Refereed Article |
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Research Division: | Commerce, Management, Tourism and Services |
Research Group: | Accounting, auditing and accountability |
Research Field: | Accounting theory and standards |
Objective Division: | Economic Framework |
Objective Group: | Measurement standards and calibration services |
Objective Field: | Service industries standards and calibrations |
UTAS Author: | Willett, RJ (Professor Roger Willett) |
ID Code: | 100578 |
Year Published: | 1993 |
Deposited By: | TSBE |
Deposited On: | 2015-05-20 |
Last Modified: | 2015-06-09 |
Downloads: | 0 |
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