Valuation for Financial Reporting - CMA Ankur Pandey

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SFAS No. 141, Business Combinations 297. Use rights such as landing, drilling, water, air, mineral, timber cutting, routeauthorities, and so forth *8. Servicing contracts such as mortgage servicing contracts *9. Employment contracts *E. Technology-based intangible assets1. Patented technology *2. Computer software and mask works *3. Internet domain names *4. Unpatented technology ^5. Databases, including title plants ^6. Trade secrets including secret formulas, processes, recipes *# Copyright by The Financial Accounting Standards Board. Used with permission.Exhibit 2.2 Illustrative Listing of Intangible Assets and Intellectual PropertiesCommonly Subject to Appraisal and Economic AnalysisAdvertising campaigns and programsLicenses – professional, business, etc.AgreementsLiterary worksAirport gates and landing slotsLitigation awards and damage claimsAppraisal plants (files and records)Loan portfoliosAwards and judgments (legal)Locations valueBank customers – deposit, loan,trust, credit card, etc.Management contractsManual (versus automated) databasesBlueprints and drawingsManuscriptsBook and other publication librariesMarketing and promotional materialsBrand names and logosMasks and masters (for integratedBroadcast licenses (ratio, television, etc.)circuits)Buy-sell agreementsCertificates of need for healthcareinstitutionsChemical formulationsMedical (and other professional) chartsand recordsMineral rightsMusical compositionsClaims (against insurers, etc.)Natural resourcesComputer software (both internally developed Newspaper morgue filesand externally purchased)Noncompete covenantsComputerized databasesNondiversion agreementsContractsOpen to ship customer ordersCooperative agreements Options, warrants, grants, rights –Copyrightsrelated to securitiesCredit information filesCustomer contractsCustomer listsCustomer relationshipsDesigns, patterns, diagrams,schematics, technical drawingsOre depositsPatent applicationsPatents – both product and processPermitsPersonality contractsPrescription drug files(Continued )
30 Valuation for Financial ReportingExhibit 2.2(Continued)Development rightsDistribution networksDistribution rightsDrilling rightsEasementsEmployment contractsEngineering drawings and relateddocumentationEnvironmental rights (and exemptions)FCC licenses related to radio bands(cellular telephone, paging, etc.)Favorable financingFavorable leasesFilm librariesFood flavorings and recipesFranchise agreements (commercial)Franchise ordinances (governmental)Going-concern value (and immediateuse value)Goodwill – institutionalGoodwill – personalGoodwill – professionalGovernment contractsGovernment programsGovernmental registrations(and exemptions)Historical documentsHMO enrollment listsInsurance expirationsInsurance in forceJoint venturesKnow-how and associatedprocedural documentationLaboratory notebooksLanding rights (for airlines)Leasehold estatesLeasehold interestsPrizes and awards (related to professionalrecognition)Procedural (‘‘how we do things here’’)manuals and relateddocumentationProduction backlogsProduct designsProperty use rightsProposals outstanding, related to contracts,customers, etc.Proprietary processes – and relatedtechnical documentationProprietary products – and related technicaldocumentationProprietary technology – and relatedtechnical documentationRegulatory approvals (or exemptionsfrom regulatory requirements)Retail shelf spaceRoyalty agreementsShareholder agreementsSolicitation rightsSubscription lists (for magazines, services,etc.)Supplier contractsTechnical and specialty libraries (books,records, drawings, etc.)Technical documentationTechnology sharing agreementsTitle plantsTrade secretsTrained and assembled workforceTrademarks and trade namesTraining manuals and related educationalmaterials, courses, and programsUse rights – air, water,land# Copyright McGraw-Hill, Valuing Intangible Assets. Used with permission.THE MEASUREMENT OF INTANGIBLE ASSETSThe International Valuation Standards (IVS) Guidance Note No. 6, Business Valuation,addresses factors to be considered in valuing intangible assets. 13 Further, in itsdelineation of applicable methodology, IVS Guidance Note No. 6 provides the basiceconomic approaches (the cost approach, the income approach, and the marketapproach) to valuing intangible assets. 14
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Page 12 and 13: PrefaceThe second edition of this b
Page 14: AcknowledgmentsTo Deanna Muraki, th
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210 IndexBusiness Enterprise Analys
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212 IndexGoodwill (continued )111,
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214 IndexLong-termcapital, 71debt,
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216 IndexSecurities and Exchange Co
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Valuation for Financial Reporting - CMA Ankur Pandey

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