Recognition and disclosure of intangibles under international financial reporting standards
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Autor:in (Körperschaft)
Publikationsdatum
2025
Typ der Arbeit
Studiengang
Sammlung
Typ
01A - Beitrag in wissenschaftlicher Zeitschrift
Herausgeber:innen
Herausgeber:in (Körperschaft)
Betreuer:in
Übergeordnetes Werk
Abacus
Themenheft
DOI der Originalpublikation
Link
Zugehörige Forschungsdaten
Reihe / Serie
Reihennummer
Jahrgang / Band
61
Ausgabe / Nummer
4
Seiten / Dauer
857-896
Patentnummer
Verlag / Herausgebende Institution
Wiley
Verlagsort / Veranstaltungsort
Auflage
Version
Programmiersprache
Abtretungsempfänger:in
Praxispartner:in/Auftraggeber:in
Zusammenfassung
Recently, the current International Financial Reporting Standard for intangibles has been subject to criticism, with concerns of lack of comparability between acquired and internally generated intangibles and limited disclosure of unrecognized intangibles. This study aims to inform the International Accounting Standards Board of the extent of these issues by focusing on trends in recognition and disclosure of intangible items in firms that engage in acquisitions (acquisitive) and those that do not (non‐acquisitive). Our sample is based on firms listed in the UK between 2017 and 2022. Disclosure is captured through a count of relevant key words in the financial statements and accompanying notes, distinguishing between contractual, non‐contractual, and broad intangible items. We find that recognized intangible assets are on average 32% of total assets in acquisitive firms but only 9% in non‐acquisitive firms. In contrast, disclosure of non‐contractual intangibles, which include internally generated intangibles, is higher in non‐acquisitive firms, implying that they may supplement non‐recognition with higher disclosure of intangible information. We further examine the value relevance of recognized and disclosed intangibles and find that disclosure reduces the value relevance of earnings in acquisitive firms, and increases the value relevance of book value more so in non‐acquisitive firms. Overall, our evidence points to diversity in recognition and disclosure in line with recent criticism of the intangible standard and supports the need for a revisit by standard‐setters.
Schlagwörter
Fachgebiet (DDC)
Veranstaltung
Startdatum der Ausstellung
Enddatum der Ausstellung
Startdatum der Konferenz
Enddatum der Konferenz
Datum der letzten Prüfung
ISBN
ISSN
1467-6281
0001-3072
0001-3072
Sprache
Englisch
Während FHNW Zugehörigkeit erstellt
Ja
Zukunftsfelder FHNW
Publikationsstatus
Veröffentlicht
Begutachtung
publication.page.reviewtype.Peer-Reviewed
Open Access-Status
Hybrid
Lizenz
Zitation
Ibrahim, S., Bowden, J., Elmarzouky, M., & Al-Kilani, M. (2025). Recognition and disclosure of intangibles under international financial reporting standards. Abacus, 61(4), 857–896. https://doi.org/10.1111/abac.70015