无形资产评估中文外文文献.docx

1、无形资产评估中文外文文献广西xxxxxxxx大学毕业论文外文翻译 系 别 财经系 专 业 财务管理 班 级 财务xxxx 学 号 xxxxxxxx 姓 名 xxxxxxx 指导教师 xxxxxx 2012年 5月 10日Intangible assets appraisal and the out-of-standard countermeasuresEnzo Baglieri Vittorio Chiesa Alberto GrandoABSTRACT Intangible assets are increasingly considered the ultimate roots of co

2、mpanys success.This paper aims to propose a method to estimate the value embedded in R&D activities,which could be used for: (i) a una tantum evaluation of a firms value, related tospecific actions such as mergers, acquisition, etc.; and (ii) a periodic evaluation, withthe perspective of the economi

3、c reporting, focused to estimate the R&D shareholdervalue creation. The proposed framework is based on the assumption that there is astrong relationship between the R&D contribution to shareholder value and theoperational performance of R&D activities. The paper describes such a framework aswell as

4、an empirical application.KEY WORDS:intangible assert; Evaluation of intangible assets;R&D Evaluation.INTRODUCTION Intangible assets evaluation, more and more problems caused by the attention of industry and economic never seriously intangible assets to the universal attention intangible asset, and t

5、his is certainly a big , in the invisible Asset appraisal.Work in the occurrence of is tempered out-of-standard caused concerns.THE PERFORMANCE OF ANOMIE A, out-of-standard intangible assets evaluation than tangible assets evaluation, often appear more complex disorder assets assessment of out-of-st

6、andard manifests itself in many ways, summarized up mainly displays in the following four aspects.One is the legal assets assessment is certain laws, regulations, under the guidance of the state, is based on the policy norms, whatever the nature of the enterprise, regardless of what form of intangib

7、le assets evaluation cannot violate national legal some appraisal institution ignore the state laws and regulations, made many violate state laws and regulations, make something intangible assets evaluation work to appear anomie enterprises in no property changes, hire or the entrusted assets evalua

8、tion its goodwill, some still through the news media released its is severely violated the relevant state strictly prohibited without property transactions purpose the rules published the goodwill and advertising department released to the public does not have legal effectiveness of information, is

9、unfair competition, violation of the anti-unfair competition law and advertising, is obvious illegal assessment institution does not obey the current national laws and regulations, not realistic evaluation purpose to evaluate valuation institution on the intangible asset of an enterprise when evalua

10、ting not take the realistic manner, even business requirements, should be quick to enterprises intangible assets evaluation for hundreds of millions, billions of even tens of this phenomenon is RenJiZiRan up is bound to the order of the real dangers valuation appraisal institution without obtaining

11、legal appraisal qualifications, or hired without evaluating qualification for evaluation appraisal institution plus illegal evaluation personnel, itself lacks the necessary legal basis, the appraisal conclusion must be that does not have legal effectiveness.Two is the financial assets evaluation wit

12、h basic financial accounting shall be for basic basis, should establish a set of complete financial accounting system and evaluation system, no financial accounting of the intangible assets evaluation is lack of accounting of accounting is the basis of the evaluation is not science, is not be legal

13、some evaluation institutions to enterprise intangible assets evaluation, doesnt follow Financial managements basic requirements for scientific financial accounting, even simple financial statistics are not carried out, it is evaluate conclusion, this is and not serious conclusion is against financia

14、l standard, of course, is not reliable.Three is ethical assets evaluation compared with tangible assets evaluation more complex in the appraisal process, the subjective factors, agent proportion also much conclusion is correct, whether accord with the objective reality, to a great extent, depends on

15、 the ideological and moral qualities of personnel assessment of the quality and the occupation morals of appraisal industry professional ethical requirements appraisal institution and evaluation personnel shall, in line with responsible to society, is responsible for the customer attitude, make ever

16、y effort to make the assessment work do serious, careful, make the assessment conclusion objective, fair, and not to cater to a need or pursue certain sensation effect, make the assessment work appeared some appraisal institution is not due to the specific work personnels service level caused the pr

17、oblem, but because the conclusion distortion subjective reasons or other factors and lead to false data or false conclusion, this is not a business technology issues, but a typical ethical issues.Four is the method tangible assets evaluation or intangible assets evaluation are approximately three wa

18、ys, namely cost way, market approach and earnings cost of intangible assets with the income often create correspondence, using different way smaller, such as using the cost way and earnings were evaluated, conflicting approaches the appraisal conclusion may widely , in possible conditions, to use as

19、 far as possible many assessment approach, the cost assessment approach, market approach and earnings ways organically, and comprehensive evaluation approach the conclusion of the final evaluation assets evaluation methods mainly have reset cost method, earnings present value approach, the current m

20、arket method, liquidation price and mathematical the choice of methods must meet the basic requirements of evaluation objects, mostly have requirement of comprehensive evaluation method, used to find the correct , if certain appraisal institution engaged in, using a simple way or evaluation method t

21、o assess a conclusion that assessment conclusion assessment is certainly untenable, because their conclusions method is against the intangible assets assessment basic methods.ANOMIE REASONS (a) intangible assets evaluation anomie objective factor.1. Is due to the fuzziness of intangible assets evalu

22、ation objects may cause the distortion of the appraisal conclusion and assets are not have obvious physical carrier, is some unseen, touched, intuitive poor asset, have dependence characteristic;Intangible assets of ownership and use right belongs as tangible assets and effectiveness, always clear v

23、aguely adhesive together, this kind of fuzziness characteristics to intangible assets evaluation more difficult.2. Is to evaluate the investigation and analysis of the complexity may make appraisal institution and evaluation personnel, produce the wrong cognition, make wrong of the intangible assets

24、 evaluation objects to investigate the fuzziness of search range, evaluate valuation methods of many factors, assessment of the complex, the assessment .Accounting treatmentMore complex, assessment of the analysis and calculation of the method is also quite complex, need to put a quantitative analys

25、is and qualitative analysis, judgement, the complexity of combining the characteristics of intangible assets assessment that easy to appear anomie phenomenon.3. The hard work is to evaluate the sexual may make the assessment staff due to the time, energy, intelligence and physical factors and appear

26、 assessment conclusion the distortion and serious assessment work is hard, no matter how assets evaluation purpose, but in time all demand is urgent, has the characteristics of stages and assault.。Intangible assets evaluation survey and analysis, and due to the complex task, and assessment assessmen

27、t overweight high quality personnel confront is not too familiar evaluation objects, in a short time to get reliable evaluation conclusion, dont do hard physical labor, no abundant energy, no superhuman wisdom, no muscled body is impossible.4. Is the appraisal conclusion estimate characteristic of m

28、ay make evaluation personnel due to material master is not comprehensive, evaluate experience not rich, thinking the incorrect judgment and appear the influence of such factors as the distortion of the appraisal conclusion and assets assessment conclusion is appraised the personnel of intangible ass

29、ets, according to the valuation of influence factors on hold, make a thumb assets appraisal method mainly is qualitative, is the judgment by evaluation personnel for the future, thinking of economic gains that predicted, the future is uncertain economic viability and, unlike tangible assets as objec

30、tive, intuitive, can directly accounting, its conflicting conclusions always estimate sex, the subjective and for intangible assets assessment results may not requires absolutely accurate, but evaluate conclusion should also be eight, nine not depart from proves that the higher the quality evaluatio

31、n personnel assessment of the rich experience, judgment, the more accurate, the thinking, the appraisal conclusion is the higher , evaluation personnels quality is lower, the evaluation of experience less, thinking judgment is not correct, assesses conclusion is the lower accuracy, appears likely to

32、 evaluate conclusion the distortion and anomie.(2) intangible assets appraisal of anomie subjective reason.1. No rules regulating the 1990s, the state department concerned to intangible assets evaluation issue has caused enough attention, has issued relevant intangible assets aspects of the decrees and 1993 the state formally implementing new financial and accounting system, the concept of intangible assets made clear definition of intangible assets evaluation, has also made the corresponding regulations.1996 Chinese assets evaluation association issued a opini