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Intangible assets in Germany Analysis of the German stock market index DAX and a survey among the German Certified Public Accountants

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Purpose – Intangible assets are regarded as the future value drivers of company performance.
However, hardly anything is known about the actual importance and influence of intangible assets.
The purpose of this paper is to fill this gap, so the authors analyse the German stock market index
DAX and accomplish a survey among the German Certified Public Accountants (CPAs) concerning
intangible assets.
Design/methodology/approach – In a first step, the authors analyse the balance sheet data and the
corresponding notes of the companies with regard to reported values of intangible assets and applied
valuation methods. The sample period covers the years from 2005 to 2008. In a second step, the
authors analyse the statements of the German CPAs with regard to intangible assets. The authors sent
a standardised questionnaire to all 180 offices of the top ten German auditing firms.
Findings – The results indicate that intangible assets have gained in importance, while information
on valuation methods is still scarce. According to the German CPAs, the current influence of intangible
assets on company performance is on a high level and even will increase during the next few years.
The mostly used valuation approach for the fair value measurement of patented technologies is the
income approach. Furthermore, the accounting standards leave room for accounting policy – a result
which casts doubt on the reliability of financial statements.
Originality/value – For the first time not only annual balance sheet data but also corresponding
notes regarding intangible assets are analysed. The findings are connected with a survey of an expert
group for the valuation of intangibles.

Keywords International accounting, Intangible assets, Goodwill, Accounting policy,Fair value measurement, Patent valuation

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Informasi Detail

Judul Seri

Journal of Applied Accounting Research

No. Panggil

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Penerbit

: Emerald Group., 2014

Deskripsi Fisik

Journal of Applied Accounting Research Vol. 15 No. 2, 2014 pp. 235-248

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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