Our partners at Findex Corporate Finance have the depth and breadth of
experience required to undertake high quality, defensible, supportable,
independent and robust valuations of identifiable intangible assets.
What Is An Intangible Asset?
Our partners at Findex Corporate Finance adhere to AASB 138 Intangible Assets standard which is the equivalent to IAS 38 Intangible Assets as issued and amended by the International Accounting Standards Board (IASB).
In accordance with AASB 138, an asset is to be considered intangible on the
basis that it meets the following criteria:
1. An intangible asset must be identifiable. This is the key initial step to achieving
an accurate valuation, an expert service delivered by Platform IP.
2. The entity must be able to control the asset.
3. Future economic benefits must flow from the asset.
An intangible asset is recognised if, and only if:
- It is probable that the expected future economic benefits
that are attributable to the asset will flow to the entity; and - The cost of the asset can be reliably measured.
However, if the asset you are seeking to recognise and value incorporates both
intangible and tangible elements and is not considered intangible under AASB
138, it can, in some circumstances, be alternatively valued in accordance with
AASB 116 Property, Plant and Equipment.
With Platform IP and Findex Corporate Finance, you can be confident that each
of your intangible assets will be precisely identified and accurately valued in
accordance with all requisite standards.