Librería Samer Atenea
Kálamo Books
Librería Elías (Asturias)
Librería Kolima (Madrid)
Librería Proteo (Málaga)
Intangible assets have become vastly more important as a result of the transformation of industrial society, given that today’s modern world is dominated by markets in which services, new technologies and IT infrastructure play a key role. Companies have increasingly recognised that these intangible assets represent key resources and are linked to competitive advantages. It can also be assumed that approximately a quarter of all capitalised assets consist of these intangible assets. And the trend is upwards. The specific accounting rules under IAS/IFRS range from a prohibition on capitalising expenditure during the research phase to an obligation to capitalise expenditure during the development phase of an intangible asset. This results in what is known as a de facto accounting policy choice, which is utilised differently by reporting companies depending on their sector.
