Identification of Intangible Assets in Business Combinations -A comparison between the US and Sweden

Detta är en Master-uppsats från Göteborgs universitet/Företagsekonomiska institutionen

Sammanfattning: BackgroundandDiscussion:In2002,IASBandFASBstartedworkingonaconvergenceprojectwiththeaimofidentifyingandminimizingdifferencesbetweenthetworegulations,IFRSandUSGAAP.Since2005,whenitbecamemandatorytopreparethefinancialstatementsinaccordancewithIFRSforalllistedcompaniesintheEU,goodwillhasgrownremarkablyinSwedenbutstayedratherstableintheUS.Isthispartlydependingondifferencesinrecognitionofintangibleassetsinbusinesscombinations?Sincethestandardsaresimilartoeachother,couldqualityofenforcementaffectaccountingchoicesandtherecognitionofintangibles?PurposeandResearchQuestions:Thepurposeofthisthesisistoexamineifthereareanysignificantdifferencesinrecognitionofintangibleassetswhenacquiringfirmsperformtheirpurchasepriceallocationsinbusinesscombinations.Theresearchquestionsare:ArethereanydifferencesintherecognitionofspecificintangibleassetsinbusinesscombinationsintheUS,betweentheexaminedyears,andduetothecharacteristicsoftheacquiringfirms,andthesizeoftheacquisitions?ArethereanysignificantdifferencesintherecognitionofintangibleassetswhencomparingtheUSandSwedishsamples?Methodology:Totestfordifferencesinrecognitionofintangibleassetsinbusinesscombinations,thisthesisisapproachedbyadeductivemethodofquantitativecharacter,usingsecondarydata.Financialdataisgatheredfromdatabasesandannualreports,andthehypothesesaretestedwithKruskal-­‐Wallistestsandlinearregressionmodels.ResultsandConclusions:Thecharacteristicsoftheacquiringfirmthatsignificantlyshowedtoaffecttherecognitionofintangibleassetswerefirmsize,industryaffiliationandtechnology-­‐level.Sizeoftheacquisitionswasalsoasignificantfactor.TheresultsfromtheregressionmodelshowedthatUSfirmsrecognizesalargershareofintangibleassetsinbusinesscombinationsthanSwedishfirmsandweassumethisistheresultofstrongerenforcementintheUS.

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