Graduation Year
2018
Date of Submission
4-2018
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Second Department
Economics-Accounting
Reader 1
Marc Massoud
Abstract
This paper will cover the reasons as to why the current accounting standards have not been updated as necessary to account for the newly developed, intangible assets or “pho-assets” that companies are either generating or using for future economic benefit. This paper will cover a brief background on the current accounting standards for intangible asset valuation and identification and why they are not sufficient for the current accounting environment. Within this review of the accounting standards, this paper will highlight how the changing financial world has given rise to these new intangible assets, and why current regulations do not allow firms to recognize all the assets that it truly should have on its books, thereby not allowing firms to realize or gain precious valuation. Furthermore, I will provide evidence as to why the accounting standards have made it difficult for investors to properly gauge the risk of intangible investments due to the inconsistencies in valuation that the current standards produce.
Recommended Citation
Zepf, Jackson, "Inspiring Change in Intangible Asset Valuation and Identification" (2018). CMC Senior Theses. 1852.
https://scholarship.claremont.edu/cmc_theses/1852
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.