https://padlet.com/matt_griffith/8tp0hsvdsaj7 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 20:41:25 UTC 2018-04-02 16:12:02 UTC hello@padlet.com https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850082 If we evaluate things and do a bit of experimenting with different ways of reporting intangibles, perhaps we can find something more useful. ]]> 2018-04-02 16:07:09 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850082 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850090 I think GAAP is the best we can do because it is hard to fairly and accurately measure the value of internally developed intangibles. ]]> 2018-04-02 16:07:11 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850090 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850110 The current US GAAP is good because copyrights and trademarks give brands a competitive advantage]]> 2018-04-02 16:07:14 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850110 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850231 Can’t think of anything better so it’s the best i guess]]> 2018-04-02 16:07:38 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850231 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850234 Capitalize r&d]]> 2018-04-02 16:07:39 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850234 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850261 2018-04-02 16:07:46 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850261 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850270 I feel like to get a more accurate accounting for intangibles would require more money to find than it is actually worth. Would likely require a lot of customer surveys, evaluations of products, etc that would often only be feasible for the larger companies.

]]> 2018-04-02 16:07:48 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850270 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850281 Of course we can find a way to make reporting better, but usually these improvements result in extra cost to compile.  Currently the way we value intangibles is intuitive and easy enough to develop and write-off, even though there is subjectiveness  in doing so. ]]> 2018-04-02 16:07:50 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850281 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850313 It would be hard to give a concrete value to these assets and under the current us gaap they stick to as definitive of a value as they can get.]]> 2018-04-02 16:07:54 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850313 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850328 2018-04-02 16:07:58 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850328 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850344 I think using the company’s valuation of its own intangibles is not providing an entirely neutral figure. However, it is difficult for a third party to value a company’s intangibles as well because intangibles are more difficult to be compared with one another]]> 2018-04-02 16:08:01 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850344 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850353 There is always room for improvement, and situations such as this prove that we can find better ways to evaluate them.]]> 2018-04-02 16:08:03 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850353 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850376 GAAP is a sufficient method as the process of intangible valuation is complex and I don’t believe there are methods that will completely remove subjectiveness associated with intangible valuation]]> 2018-04-02 16:08:08 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850376 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850399 Companies should be allowed to report intangibles and GAAP treats their reporting fairly. The issue is that a lot of estimates and discretion goes into valuing intangibles]]> 2018-04-02 16:08:12 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850399 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850524 a company’s books should reflect what is important to investors, so I think more intangibles should be capi]]> 2018-04-02 16:08:34 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850524 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850574 GAAP is simply the best way to value a company's intangibles. I don't think it could be done any better. ]]> 2018-04-02 16:08:44 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850574 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850616 I️m not sure how we could make I️t more objective ]]> 2018-04-02 16:08:52 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850616 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850650 If 90% of what investors are making decicions based on is not in current financial statements. What is included in these statements should be adjusted.]]> 2018-04-02 16:08:58 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850650 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850664 Currently the best because there would be increased costs to better information if the standards would be changed]]> 2018-04-02 16:09:00 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850664 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850705 GAAP is the best way to report ]]> 2018-04-02 16:09:07 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850705 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850821 GAAP is probably the best we can do]]> 2018-04-02 16:09:22 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850821 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850860 I think that reporting intangibles is a very difficult process, but GAAP allows for the least costly measurement of these intangibles

]]> 2018-04-02 16:09:28 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850860 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850950 It accurately measures intangibles ]]> 2018-04-02 16:09:48 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850950 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850951 It is difficult to put a proper value on something that has no physical value. The value of intangibles is very subjective]]> 2018-04-02 16:09:48 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247850951 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247851030 2018-04-02 16:10:03 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247851030 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247851044 GAAP is likely the best way to report value of the intangibles]]> 2018-04-02 16:10:05 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247851044 https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247851203 Gaap is the best way]]> 2018-04-02 16:10:30 UTC https://padlet.com/matt_griffith/8tp0hsvdsaj7/wish/247851203