Intangible Assets: Valuation and Economic BenefitPraise for Intangible Assets "In Intangible Assets, Jeffrey Cohen presents an informative, thought-provoking and practical look at an increasingly important component of every business's worth. He describes the art and science of identifying assets that have clear economic benefit, but are typically not found on the balance sheet, and he provides an invaluable framework within which the reader can value these assets, despite their elusive nature." --Rick Westervelt, President, Skylist, Inc. "Jeffrey Cohen's integrative approach to conceptual issues of intangible assets is creative and a refreshing contribution. He brings law, economics, finance, and accounting to the same table, which results in a comprehensive framework for understanding how value is created and sustained. His construct of 'proto-assets' and 'portfolio of intangible economic benefits' is key. Written in an easy-to-read style with many practical examples, this book will be useful for both novice and experienced professionals." --W. Dana Northcut, PhD, Adjunct Associate Professor of Accounting Graduate School of Business, University of Chicago Principal, Chicago Partners, LLC "This volume is the perfect resource for newcomers to IP valuation. Through lucid explanations and well-chosen illustrations, it does for the reader exactly what a valuation expert should do for a client--it makes the abstract concrete. But this volume is not just for the novice; it holds insights that will be useful to IP experts in law, accounting, and economics." --Edward F. Malone, Partner, Jenner & Block LLP |
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Spis treści
History and Taxonomy | |
Theory of and Research on Intangible Assets | |
Accounting for Intangibles | |
Portfolio of Intangible Economic Benefits | |
Income Approach and Intangibles | |
Market Approach and Intangibles | |
Cost Approach and Intangibles | |
Conclusion | |
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accounting rules Accounting Standards Board acquired amortized analysis associated balance sheet Baruch Lev brand calculation cash flows Chapter Chicago comparable concept consumers copyrights corporate culture criteria customer list demand discount rate discussion drug earnings economic benefit economists elasticity employees example factors fair value FASB FIGURE Financial Accounting Standards financial statements firm firm’s GAAP Georgia Pacific goodwill hammer human capital identifiable intangible assets impairment testing income approach infringement intangible assets intellectual capital intellectual property Internet investment lawsuit license lost profits Madrid system manufacturing market approach measure method million network effects option owners ownership Panduit percent pharmaceutical PIE-B player premium present value proto-asset ratio replacement cost reporting unit result revenues risk securitization sell soda machine substitutes tangible assets Test Company’s thrifts trade secret Trademark Dilution trademarks Tribune Company unidentifiable valuation Victoria’s Secret