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The immaterial world has always aroused people's interest because being intangible, it is often considered enigmatic and in addition has major effects, sometimes vital for those with whom it interacts. Firms own both tangible and intangible assets that contribute to business continuity and increased performance. The article deals with issues related to the differences that the application of different accounting regulations in Romania have on the valuation and recognition of intangible assets and the accounting implications they have in certain special cases, such as the global valuation of companies for different purposes, for example in the case of merger or division, consolidation of the accounts of groups of companies. As we have shown in the article, the application of different accounting regulations leads to differences in the recognition and measurement of intangible assets (as is the case in our country) regarding, for example, the capitalization of formation expenses or their recording as current expenses, their presentation at net book value or the possibility to choose the revaluation treatment (fair value presentation being optionally permitted by IFRS), depreciable amount represented by input value or input value minus residual value (case of application of IFRS), etc.. In mergers or divisions of companies, if the global valuation method is chosen, the estimation of the value of enterprises involved in such processes by authorised valuers may also have an impact on the value of intangible assets in the accounts of the absorbing/receiving company (either on identifiable assets meeting the conditions for recognition taken over at fair value or on goodwill). |
