Valuating Goodwill of Cultural Enterprises Using Wavelet Neural Network

Ping, Han; Di, Bao; Hai, Wei

doi:10.14257/ijunesst.2014.7.4.15

Cited by 3 publications

(4 citation statements)

References 13 publications

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“…299]. Х. Пінг, Бао Ді обґрунтували важливість оцінювання гудвіла протягом поточної діяльності компанії [13]. М. Тірні вказував на необхідність ідентифікації складових гудвіла [14].…”

Section: в ясишена в пилявецьunclassified

“…На думку Х. Пінг, Бао Ді, необхідно періодично оцінювати гудвіл протягом нормального бізнес-періоду заради підтримання та вдосконалення комерційного добробуту підприємств, а не лише тоді, коли передаються права на активи або інвестуються як акції [13].…”

Section: особливості обліку внутрішнього гудвілуunclassified

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Features of accounting of internal goodwill

Yasyshena

Pyliavets

2022

vtneu

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Introduction. The inability to reliably determine the value of enterprises is due to the lack of methods of objective assessment of the intangible component of the enterprise, i.e. internal goodwill. Internal goodwill is one of the specific objects that is difficult to identify and evaluate, as well as to establish the reliability of the recognition of the economic benefits of its use. This exacerbates the relevance of current accounting of domestic goodwill in the enterprise.Purpose. Systematization and improvement of methodological approaches to accounting for internal goodwill, which should be taken into account to substantiate the scientific and applied principles in assessing the value of the company.Methods. The theoretical basis of the study is the scientific work of scientists on the study of goodwill, intellectual assets. The methodological basis of the study is general scientific methods (abstraction, comparison, generalization, grouping, systematization, analysis, synthesis) - to improve methodological approaches to accounting for internal goodwill. Schematic method is to summarize the intangible resources of the company and the relationship between them in accounting and disclosure of the impact of intangible and intellectual assets on the brand (brand) and value of the company. Abstract-logical method is to formulate research conclusions.Results. The necessity of separating the concepts of external and internal goodwill in the accounting is substantiated and their comparative analysis is carried out on the relevant grounds. The influence of intangible resources on the value of the enterprise in the system of financial and management accounting with the establishment of relationships between them is identified. The necessity of reflection of internal goodwill during all current activity of the company in the form of unaccounted intangible assets with assignment to the corresponding group of intellectual assets on analytical accounts in the system of financial and administrative accounting of the enterprise is substantiated. The necessity of keeping records of intellectual capital formed at the enterprise with the opening of relevant sub- accounts is substantiated. The method of accounting is revealed, which will allow to account for intellectual capital on external and internal goodwill in order to avoid underestimation of the real value of the enterprise and will not contradict the principles of full coverage and balance sheet.Discussion. At the regulatory level, it is necessary to develop methods for the recognition, evaluation, documentation, accounting and reflection in the financial statements of items included in the internal goodwill for their reflection in the financial accounting system.

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Section: в ясишена в пилявецьunclassified

Section: особливості обліку внутрішнього гудвілуunclassified

Features of accounting of internal goodwill

Yasyshena

Pyliavets

2022

vtneu

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“…Tearney (1973) points to the importance of disclosing goodwill components that create a company's profitability in business combinations. Ping and Bao (2014) emphasize the importance of goodwill assessment during the normal business period of a company. Delios and Beamish (2001) outline the prospects of IA's impact on international expansion and its success.…”

Section: Marketing and Management Of Innovations 2019 Issuementioning

confidence: 99%

“…According to Ping and Bao (2014), goodwill should be periodically assessed during the normal business period to maintain and improve the commercial well-being of enterprises, not only when assets are transferred or invested as shares. We agree with the authors and consider it is necessary to keep records of internal goodwill with the establishment of factors of its occurrence and the separation of components, which will allow to identify the strengths of the company in its activities, as well as, if necessary, the sale.…”

Section: Marketing and Management Of Innovations 2019 Issuementioning

confidence: 99%

Intangible Assets Accounting and Reporting Issue

Zadorozhnyi

Yasyshena

2019

MMI

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The article examines the views of foreign economists on the importance of the impact of intangible assets (IA) and goodwill on business. The main purpose of this study is to improve and develop approaches of accounting for IA and goodwill, reflecting them in the financial and management reporting. The systematization of literary sources and the study of regulatory documents showed that there were several problematic issues related to the accounting and reporting of IAs and goodwill that needed elaboration and clarification. The urgency of solving this scientific problem lies in the fact that due to the existence of unresolved issues in accounting for IA and goodwill, as well as the formation of indicators in the financial statements, there is a significant gap between the methodology of accounting for these assets and current requirements of the economy. It is proposed to amend the Methodological Provisions № 417 by allocating the IA into a separate group for more detailed state statistical observation of these assets. It is recommended to separate the subaccount for accounting software showing the detailed information for this subaccount in the Notes to the Annual Financial Statements. To reconcile goodwill with the Plan of Accounts and Reporting, it is offered to set out the title of Section 1 of the Notes to the Annual Financial Statement, as follows: «Intangible Assets and Goodwill». It is recommended to keep records of internal goodwill in managerial and financial accounting, with the separation of the subaccount, with amendments to Section 1 of the Notes to the Annual Financial Statements regarding the inclusion of additional line 095 «Internal Goodwill». For management accounting of IA and goodwill, it is proposed to use the form of internal management reporting, which is based on paragraph 5 «Notes to the Annual Financial Statements», which contains additional indicators that allow the management system to identify IA s both at the respective centres of responsibility and their units, for different periods, to control the amount, direction, deviation of the planned and actual expenses at the receipt of IA, etc. It is recommended to open an additional subaccount for accounting for IAs shortages with the disclosure in the Annex to Methodological Recommendations № 1327 of the procedure for accounting for IAs shortages using this subaccount. It is justified that the Management Report should be considered as a supplement to the financial statements. The management report proposes to disclose the information about the IA and, if available, about goodwill (internal goodwill), and to provide information aimed at the development of intellectual capital. Keywords: brand, internal goodwill, management report, management report, identification, intellectual capital, intangible assets (IA); non-current assets, accounting, managerial reporting, financial reporting.

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Problems of documenting the accounting of intangible assets

Yasyshena¹

2021

PBO

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The situation related to the primary documents and the structure of their forms for accounting for intangible assets needs to be resolved. The existence of a number of options for the use of forms of primary documents for accounting for intangible assets, which complicates the documentation process, as the primary forms are partially collected and regulated by several laws and regulations. The need to streamline and summarize the primary documents for accounting for intangible assets and goodwill is emphasized, the order of which should be regulated by a single document. It is recommended to implement the Guidelines for the use of forms of primary accounting of intangible assets and goodwill, with a set of relevant details, which should include documents that will reflect all groups of intangible assets, not just those related to intellectual property. Emphasis was placed on the need to develop primary documentation that will reflect the operations with the formation of intangible assets that will create internal goodwill. It is noted that the use of uniform, agreed forms of primary accounting of intangible assets is also necessary to improve the quality of inspections by regulatory authorities. Primary accounting forms for inventory of intangible assets № IA-4 «Inventory description of intellectual property rights (PR)» and № IA-5 «Inventory description of objects of the right to use natural resources, property and other intangible assets» are developed and recommended to use. It is substantiated to make clarifications and introduce additional details to the inventory descriptions, which is necessary to improve the quality of information formation during the inventory. Emphasis is placed on the need to disclose in the process of inventory objective information about intellectual property objects by checking them for functional compliance, to record the working condition of such objects.

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Valuating Goodwill of Cultural Enterprises Using Wavelet Neural Network

Abstract: Abstract

Cited by 3 publications

References 13 publications

Features of accounting of internal goodwill

Features of accounting of internal goodwill

Intangible Assets Accounting and Reporting Issue

Problems of documenting the accounting of intangible assets

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