Disclosures Required for Internally Generated Intangible Assets

question 34

Essay

Disclosures required for internally generated intangible assets
Briefly outline what information is required to be disclosed for each class of intangible asset. What is the goal of these disclosures for publicly accountable entities?

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Definitions:

Return on Total Assets

A financial ratio that measures the efficiency of a company's use of its assets to generate profit, calculated by dividing net income by total assets.

Available-for-sale Securities

Financial assets that are not classified as held-to-maturity or trading securities, and can be sold in the market.