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Article:

Fewer intangible assets under FRS 102 revisions

05 January 2018

Amendments to FRS 102, released in mid-December 2017, will provide companies with the option to recognise fewer intangible assets acquired in a business combination separately from goodwill.  Any excess purchase price over acquired net assets is not automatically goodwill though and intangible assets (potentially multiple) will still need identifying and valuing in many business combinations.

Download our Valuations team’s guidance to the FRS 102 revisions, which includes a review of the IFRS 3 Illustrative Examples and some indicative thinking on how each potential intangible asset might be viewed under the amended FRS 102.

If you have any queries on how these amendments may affect you, please get in touch with a member of our team.