Analysis of Long-Term Assets
Free CFA Level I lesson in Financial Statement Analysis. 15 min read, ~2,183 words.
Purchased intangibles capitalize at cost. Internally developed intangibles are expensed (narrow IFRS exception for the development phase if six criteria met). Business-combination intangibles capitalize at fair value with goodwill as the residual plug. US GAAP impairment uses undiscounted cash flows for the trigger and writes down to fair value. IFRS...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- analysis of long-term assets
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