基本説明
Divided into theory and application chapters, this all encompassing guide to the application of the complex valuation requirements of IFRS explains the concept of Fair Value in implementing IFRS and its differences with U.S. GAAP as well as the differences in methodologies valuing tangible and intangible assets.
Full Description
Your one indispensable guide to all the Fair Value requirements of IFRS Acomplete guide to the complex valuation requirements of IFRS, this book includes chapters on theoretical and practical applications, with extensive examples illustrating the required techniques for each application.
Appropriate for anyone involved professionally with finance—managers, accountants, investors, bankers, instructors, and students—this guide draws on a stellar panel of expert contributors from fourteen countries who provide international coverage and insight into a diverse range of topics, including:
Fair Value in implementing IFRS
Market Approach
Income Approach—Capitalization and Discounting Methods
Economic and Industry Conditions
Cost of Capital
Financial Statement Analyses
Impairment Testing
Intellectual Property Rights (patents, copyrights, trademarks)
Projecting Financial Statements
Liabilities
Customer Relationships
Share-based Payment
Plant and Equipment
Guide to Fair Value Under IFRS is the first international valuation book of its kind. Fully compliant with the Certified Valuation Analyst curriculum, it provides detailed guidance as to how fair value is to be determined and fills numerous gaps in common understanding of IFRS requirements.
Contents
Foreword xi
Liu Ping, China
Preface xiii
Jim Catty, United Kingdom
About the Contributors xix
1 Fair Value Concept
Alfred M. King, United States 1
2 The Cost Approach
Yea-Mow Chen, Taiwan, and Stephen L. Barreca, United States 19
3 The Market Approach
William A. Hanlin Jr. and J. Richard Claywell, United States 37
4 Income Approach: Capitalization Methods 57
Bennet Kpentey, Ghana
5 Income Approach: Discounting Methods 65
Wolfgang Kniest, Germany
6 Excellent Valuation Reports 83
Brandi L. Ruffalo and Robert C. Brackett, United States
7 Assessing External Risks 95
Warren D. Miller, United States
8 Strategy and Benchmarking 115
William C. Quackenbush and James S. Rigby Jr., United States
9 Cost of Capital 129
Wolfgang Ballwieser and Jörg Wiese, Germany
10 Risks and Rewards 151
William A. Hanlin Jr. and J. Richard Claywell, United States
11 Financial Statement Analyses 165
Martin Costa, Germany
12 Projecting Financial Statements 183
Klaus Henselmann, Germany
13 Impairment Testing 201
Frank Bollman and Andreas Joest, Germany
14 Auditing Valuation Reports 215
Andreas Bertsch, Germany
15 Copyrights
Fernando Torres, Mexico 223
16 Customer Relationships 241
Brandi L. Ruffalo, United States
17 Derivatives and Financial Instruments 255
Samuel Yat Chiu Chan and Lisa Cheng, Homg Kong
18 Domain Names 273
Wes Anson, United States
19 Hedging 285
Richard Pedde, Canada
20 Intellectual Property Rights 299
Byeongil Jeong, South Korea
21 Intangible Assets 311
Stan Sorin, Romania
22 Leases 323
Terry A. Isom and Andrea R. Isom, United States
23 Liabilities 337
Karrilyn Wilcox, Canada
24 Manufacturing in Crisis Periods 351
Emre Burckin, Ayse Pamukcu, and Zeynep Burckin Eroglu, Turkey
25 Mineral Properties 363
Michael J. Lawrence, Australia
26 Pass-Through Entities 379
Laura J. Tindall and John L. Casalena, United States
27 Patents 391
Heinz Goddar and Ulrich Moser, Germany
28 Petroleum Resources 409
J. Richard Claywell, United States
29 Pharmaceuticals and Biotechnology 421
Sung-Soo Seol, South Korea
30 Plant and Equipment 435
Evžen Körner, Germany
31 Retail Locations 451
Lim Lan Yuan, Singapore
32 Share-Based Payments 461
Shari Overstreet, United States
33 Software and Systems 477
Susan M. Saidens, United States
34 Unpatented Technologies 487
Anke Nestler, Germany
35 Trademarks and Brands 501
Roger Sinclair, South Africa
36 Transfer Pricing 521
Lionel W. Newton and Christopher J. Steeves, Canada
Glossary 531
References and Bibliography 557
Index 567
