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October 18, 2007
Accounting for intangibles - mark to market
According to this morning's Wall Street Journal, FASB is moving ahead with its requirement for assets to be valued at market prices (market-to-market). For the most part, this affects financial assets. However, the story did raise one concern about intangibles:
But a divided Financial Accounting Standards Board left the door open to deferring the rule as it applied to nonfinancial assets on corporate balance sheets.The discussion by the Board apparently focused in part on concern about how to measure goodwill. Sounds like FASB (and the accounting industry) is still trying to grapple with intangibles.
Posted by Ken Jarboe at October 18, 2007 8:44 AM
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