What does the Financial Accounting Standards Board say about valuing intangible assets?
Cambridge Partners & Associates is most often asked to perform intellectual property appraisals because our clients are seeking to comply with requirements of the Financial Accounting Standards Board (FASB). Each individual Statement of Financial Accounting Standards (SFAS) explains how companies should addresses financial accounting and reporting. For example, FAS 141 addresses accounting for business combinations. FAS 142 addresses financial accounting and reporting for acquired goodwill and other intangible assets. FASB 144 addresses accounting for the Impairment or Disposal of Long-Lived Assets. Cambridge Partners takes great care in valuing intangible assets, real estate, machinery & equipment and businesses for FASB reporting and otherwise.
