Intangible Asset Valuation (Course Id 470)

• Who is this course for?
  This course is for anyone needing Continuing Professional Education (CPE), particularly CPAs, accountants, and financial professionals who seek a foundational understanding of intangible asset recognition and valuation.

• What is this course about or what problem does this course solve?
  This course addresses the challenge of understanding how intangible assets are recognized and valued, offering a structured overview of current practices, GAAP guidelines, and valuation techniques.

• How can the knowledge from this course be used?
  The knowledge from this course can be applied to accurately identify, account for, and appraise intangible assets in financial statements and business valuations.

• Why is this course important to a CPA or Accountant?
  Understanding intangible asset valuation is critical for ensuring compliance with accounting standards, enhancing financial reporting accuracy, and supporting informed decision-making in audits, mergers, or tax matters.

• When is this course relevant or timely?
  This course is especially relevant when dealing with modern businesses where intangible assets represent a significant portion of enterprise value, and updated guidance is needed following its latest revision in March 2024.

• How is a course like this consumed or used?
  This self-study course is delivered in text format and is completed online, requiring participants to read course materials, complete review questions, and pass a final exam with at least a 70% score.

The purpose of this course is to provide an overview of intangible asset recognition and valuation methods. First, the course presents historical perspective and current trends in intangible asset creation and valuation. Next, GAAP-based rules are discussed. A discussion of various intangible asset categories follows. The course concludes with a presentation of various intangible asset valuation techniques.

NASBA QAS - Text - NASBA Registry - 470

Course Learning Objectives

Chapter 1. �����Identify the need to address intangible asset recognition
�����������������������Recognize the need to address intangible asset valuation

Chapter 2. �����Understand GAAP for intangible asset recognition
�����������������������Understand GAAP for intangible asset valuation

Chapter 3. �����Define various types of intangible assets
�����������������������Identify various types of intangible assets

Chapter 4. �����Understand various intangible asset valuation methods
�����������������������Identify various intangible asset valuation methods

Chapter 1
Background -Need to Address Intangible Asset Recognition and Valuation

� Identify the need to address intangible asset recognition
� Recognize the need to address intangible asset valuation Overview

Chapter 2
Generally Accepted Accounting Principles � Intangible Asset Recognition and Valuation Guidelines

� Understand GAAP for intangible asset recognition
� Understand GAAP for intangible asset valuation

Chapter 3
Intangible Assets - Description and Examples

� Understand GAAP for intangible asset recognition
� Understand GAAP for intangible asset valuation

Chapter 4
Intangible Asset Valuation Methods

� Understand various intangible asset valuation methods
� Identify various intangible asset valuation methods

Introduction

Chapter 1:  Background - Need to Address Intangible Asset Recognition and Valuation

Trends in Intangible Aggregate Asset Value

Price-to-Book Comparison

Research Interest

Summary

Review Questions

Chapter 2:  Generally Accepted Accounting Principles � Intangible Asset Recognition and Valuation Guidelines

Overview

Accounting Standards Codification

U.S. GAAP � Limitations

Summary

Review Questions

Chapter 3:  Intangible Assets - Description and Examples

Overview

Copyright

Trademark

Patent

Trade Secrets

In-Process Research and Development

Customer Lists

Distribution Channels

Brand

Labor Force

Information System

Other/Goodwill

Summary

Review Questions

Chapter 4:  Intangible Asset Valuation Methods

Overview

Income-based Methods

Relief-from-Royalty

Market-based Methods

Market Value-to-Book Value

Fair Market Value

Market Comparison Method

Cost-based Methods

Historical Cost

Replacement Cost

Other Novel Methods

Intangible Assets Monitor

Intangible �Bookkeeping�

Game Theory

Summary

Conclusion

Review Questions

Glossary