https://padlet.com/matt_griffith/n08v80gexiw5 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 20:43:07 UTC 2018-04-02 18:12:38 UTC hello@padlet.com https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891464 There should be GAAP that allow/require reporting for metrics beyond just financial measures. For example, companies should be required to publish sustainability reports and other non-financial metrics that impact the company’s value.]]> 2018-04-02 18:08:24 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891464 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891482 Regulate goodwill?]]> 2018-04-02 18:08:27 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891482 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891495 I mean goodwill is trick to value, and observing it subjectively is even tougher. Its hard to find the fair value of the little man saying you got mail since he is an intangible. It can be constantly inflated and deflated based upon market speculation. Of the early 2000's AOL was one of the main browsers, now it is far less valued. 

]]> 2018-04-02 18:08:29 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891495 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891647 Maybe try to develop some sort of algorithm or mathematical model for intangibles like goodwill. While it may be difficult to do, it seems like a very subjective item relative to most accounting items and a method to reduce massive impairments or over/under statements in the first place seems needed.]]> 2018-04-02 18:08:53 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891647 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891685 Intangibles are difficult to value as one cannot observe it like PPE and determine value from its availability, and the rules that are in place for them are the best they can be in regard to how they are reported in one's assets.]]> 2018-04-02 18:08:59 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891685 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891708 Finding the fair value of intangibles through estimations may be a better way to report them because of the higher level of importance that they provide for investors. Though a daunting task, the amount of data that is used today could provide solid models for estimating intangibles.]]> 2018-04-02 18:09:03 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891708 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891744 I think that GAAP should adjust by increasing the regulations on what intangibles should be included on the financial statements in order to make the statements more relevant. ]]> 2018-04-02 18:09:09 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891744 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891746 I think we can improve the US GAAP by finding a better way to evaluate the intangibles such as good will to ensure that it won’t change dramatically as result of economic change. ]]> 2018-04-02 18:09:10 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891746 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891767 Find someway to assess what the estimated sales would be of products if they didn't have the name behind them. If you are able to find what the company name does for sales then you can attribute that difference to goodwill. This could also be completely impossible and wrong.]]> 2018-04-02 18:09:12 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891767 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891786 Possibly create a cap on the ratio of goodwill to a company’s overall assets so companies don’t abuse using it as a “plug” all the time. Whatever excess goodwill remains after the cap should be written off somehow...idk]]> 2018-04-02 18:09:16 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891786 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891787 I think accounting for more intangibles would provide more relevant information for investors, unfortunately I'm not sure how GAAP could change to consistently do that]]> 2018-04-02 18:09:16 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891787 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891792 There should be detailed notes disclosed with information of the company’s intangibles and how they valued it 

]]> 2018-04-02 18:09:16 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891792 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891799 2018-04-02 18:09:17 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891799 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891810 If there was a way to mathematically calculate goodwill this would help companies fairly value goodwill in their financial statements, which would make the information potentially more relevant]]> 2018-04-02 18:09:19 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891810 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891812 Rather than simply having one all-encompassing goodwill account, GAAP should require that goodwill be separated into smaller, more detailed accounts, so that investors can better understand the firm's reasoning behind these accounting decisions ]]> 2018-04-02 18:09:19 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891812 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891820 For large goodwill numbers include it separately from assets.]]> 2018-04-02 18:09:21 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891820 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891877 I'm not entirely sure the magnitude of the GAAP rules on goodwill estimations. The question we must ask is: Is our current goodwill calculation highly relevant to investors? If yes, then we need no change. If no, then there must be a discussion.]]> 2018-04-02 18:09:31 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891877 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891931 Intangibles are very difficult to value since they can be formed in many different ways. It would be very hard to put a set of standards on a nondiscrete thing. ]]> 2018-04-02 18:09:41 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891931 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891982 Even amortize some of the indefinite life intangibles because of their value]]> 2018-04-02 18:09:50 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891982 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891993 I think there is a way to measure intangible value, but it’s difficult to set a standard measurement since intangibles are complex and vary from company to company. ]]> 2018-04-02 18:09:52 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247891993 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892023 Something should maybe change when it comes to goodwill because I feel it is more abstract than the other intangibles ]]> 2018-04-02 18:09:55 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892023 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892042 あ]]> 2018-04-02 18:10:02 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892042 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892044 I think we can regulate goodwill better. The fact that AOL wrote off that much goodwill, the size of Ecuador's GDP shows that this needs regulation and a better valuation technique]]> 2018-04-02 18:10:02 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892044 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892056 It could be better if there were a better way to value goodwill and it's estimated future value it could bring]]> 2018-04-02 18:10:04 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892056 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892061 find comparable intangibles and average them

]]> 2018-04-02 18:10:05 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892061 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892245 2018-04-02 18:10:34 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892245 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892304 I can’t think of any other way to measure them, they must be valued subjectively. It’s unfortunate they’re so large. ]]> 2018-04-02 18:10:42 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892304 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892327 Companies should be more conservative in their reporting of intangible assets, maybe this is something the SEC or FASB can fix by creating a new way to calculate intangible assets. ]]> 2018-04-02 18:10:48 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892327 https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892348 2018-04-02 18:10:53 UTC https://padlet.com/matt_griffith/n08v80gexiw5/wish/247892348