FASB No by lfl12074

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									            FASB No.141, 142, and Taiwan SFAS Rule 35: An Ove rvie w

                    To be presented to a Workshop sponsored by
                          the Taiwan Stock Exchange and
                    China Intangible Asset Valuation Association
                                  March 21, 2005

                            Yea-Mow Chen, Ph.D., AVA.
                      China Intangible Asset Appraisal Inc., and
                           San Francisco State University


Outline

1. FASB 141 & 142, and Taiwan’s SFAS No. 35
   Statement 141: Business Combinations
   Statement 142: Goodwill and Other Intangible Assets
   Taiwan’s SFAS No. 35: Accounting for Impairment of Assets

2. FASB 141: Determining Goodwill and Other Intangible Assets
   Fair Value and Business Combinations
   Intangible Asset Recognition
   Classification of Intangible Assets

3. FASB 142:Impairment of Goodwill and Other Intangible Assets
   Impairment of Goodwill and Other Intangible Assets
   Nature of Goodwill
   Goodwill Impairment Test
   Transition: Previously Recognized Goodwill

4. Valuation of Goodwill and Other Intangible Assets
   SFAS No. 141 Valuation Requirements
   SFAS No. 142 Valuation Requirements
   Approaches to Estimating Fair Value
   Application of Market Approach
   Application of Income Approach
   Application of Asset/Cost Approach

5. Valuation Challenges
   Challenging Issues in Goodwill Impairment Testing – Step 1
   Goodwill Impairment – Step 2

6. Concluding Observations

								
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