https://padlet.com/matt_griffith/3qgivymctf93 Do you agree current US GAAP is the best we can do to report the value of a company’s intangibles? en-us 2018-03-30 20:43:30 UTC 2018-04-02 19:47:08 UTC hello@padlet.com https://padlet.com/matt_griffith/3qgivymctf93/wish/247917887 2018-04-02 19:31:42 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247917887 https://padlet.com/matt_griffith/3qgivymctf93/wish/247917953 Intangibles are tricky to value and report, and I think GAAP needs to evolve to accommodate the changing intangibles that arise with modernizing times. ]]> 2018-04-02 19:31:58 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247917953 https://padlet.com/matt_griffith/3qgivymctf93/wish/247918390 If the estimated fair values of intangibles are material, then it may be useful to record them at fair value. This will make the financial statements more relevant. 

]]> 2018-04-02 19:33:31 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247918390 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919353 Because intangibles may have material aspects to them, GAAP could explore valuing individual various aspects of each individual intangible in order to most accurately value them]]> 2018-04-02 19:37:03 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919353 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919567 Could be better but difficult to determine the tradeoff  between faithful representation and relevance ]]> 2018-04-02 19:37:45 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919567 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919650 Estimated values for internally generated goodwill would be prohibitively difficult and expensive to develop and audit. Plus, how could you make sure the numbers were reliable?]]> 2018-04-02 19:38:00 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919650 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919718 I think intangibles are always going to be changing in nature as time goes on, so GAAP is always going to have to adapt and accommodate the time period it is in! GAAP should not be stagnant when it comes to reporting intangible value.]]> 2018-04-02 19:38:16 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919718 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919720 2018-04-02 19:38:18 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919720 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919830 Current GAAP does a good job of trying to depreciate and amortize intangibles, but there original estimations could maybe try to have more concrete evidence to back them up. Investors should be given data to how the companies estimate intangible values.]]> 2018-04-02 19:38:40 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919830 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919837 I think US GAAP needs to do better in inte]]> 2018-04-02 19:38:43 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919837 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919845 Intangible assets are inherently subjective in their valuation, but GAAP could do a better job a valuing them at Fair Value, perhaps by adding new metrics to their valuation process.]]> 2018-04-02 19:38:46 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919845 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919861 Create a system that place tangible value on intangible assets]]> 2018-04-02 19:38:49 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919861 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919881 I think US GAAP should attempt to develop measures that can be assigned to intangible assets to provide a baseline to which they can be derived]]> 2018-04-02 19:38:53 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919881 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919926 We might have a better way to deal with intangible assets since they are more actively changing and if we could identity the source of the change of intangible assets, we might have a better method.]]> 2018-04-02 19:39:03 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919926 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919939 I believe that GAAP can be improved on when valuing the company’s intangibles in order to make the accounting information more useful to investors. ]]> 2018-04-02 19:39:05 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919939 https://padlet.com/matt_griffith/3qgivymctf93/wish/247919955 Everyone uses different standards to estimate the value of intangibles such as goodwill, so written guidelines in GAAP might prove useful for comparability of goodwill values.

]]> 2018-04-02 19:39:08 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247919955 https://padlet.com/matt_griffith/3qgivymctf93/wish/247920065 Intangible Assets are difficult to measure because of their possible high value with being immaterial, plus internally developed intangibles are valuable and should have some worth, so I think GAAP needs to keep working to improve the system]]> 2018-04-02 19:39:32 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247920065 https://padlet.com/matt_griffith/3qgivymctf93/wish/247920128 I think that intangibles are very difficult to measure so maybe a new valuation tactic that constantly updates to its market value would be better. This would reduce massive changes in the value of intangibles.]]> 2018-04-02 19:39:46 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247920128 https://padlet.com/matt_griffith/3qgivymctf93/wish/247920133 2018-04-02 19:39:47 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247920133 https://padlet.com/matt_griffith/3qgivymctf93/wish/247920284 GAAP currently allows for too much leeway for goodwill and other intangibles to be recorded ]]> 2018-04-02 19:40:22 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247920284 https://padlet.com/matt_griffith/3qgivymctf93/wish/247920297 2018-04-02 19:40:26 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247920297 https://padlet.com/matt_griffith/3qgivymctf93/wish/247920380 There is always something to improve on but these assets are very tricky to value]]> 2018-04-02 19:40:43 UTC https://padlet.com/matt_griffith/3qgivymctf93/wish/247920380