This paper examines the disclosure of intangible assets by ‘high user’ industrial firms in the Australian market subsequent to the introduction in 2005 of AASB 136 and AASB 138. Using a sample of ten large industrial firms with combined intangible assets of $37,758 million as at 2006, the paper analyses the disclosure of goodwill and 18 other distinct intangible assets classes of these firms, and examines their implied effective life by probing the impairment expense detailed in the profit and loss statement. While a high degree of uniformity in disclosure practices pertaining to intangible assets is evident, questions are raised in relation to factors motivating impairment decisions for intangible assets under the new financial reporting regime.
|Number of pages||7|
|Journal||Journal of law and financial management|
|Publication status||Published - 2006|