The CFA Institute released a paper Wednesday urging the Financial Accounting Standards Board and the International Accounting Standards Board to require more detailed disclosures of intangible assets before companies can recognize them on the balance sheet. The paper from the financial analyst group pointed out that, in terms of GDP, investments in intangible assets have
The Confederation of Indian Industry (CII) has urged a comprehensive review of the accounting and recognition framework for intangible assets, highlighting the need to align with India’s transition to a digital economy, where intellectual capital is emerging as a critical driver of value creation for entities. Addressing the challenges around recognition of intangible assets will
New Delhi [India], January 22 (ANI): The Confederation of Indian Industry (CII) has called for a comprehensive review of the recognition and accounting of intangible assets as India transitions towards a digital economy. According to CII, intangible assets are crucial for value creation in modern business models, especially in sectors like Software as a Service