Implementation of Accounting Standard No. 17 and its Relavance related to Intangible Assets

Document Type : Original Article

Authors

1 Associate Professor of Accounting, Shiraz University, Shiraz, Iran

2 PhD Student of Accounting, Islamic Azad University, Noorabad Mamasani Branch, Noorabad Mamasani, Iran

Abstract

The impact of intangible assets on the information provided by the firms is gradually becoming a major issue and the development of knowledge management and intellectual assets has increased this importance. The main objective of this study was to evaluate the relevance of intangible assets during the period before and after the implementation of Accounting Standard No. 17. In this research, first intangible assets relevance has been investigated and then, the relevance of these assets is examined during each of the stages of firms life, and finally, utilizing correlation analysis, multivariate regressions and Wald test the hypotheses are examined based on Ohlson model (1995). The analysis of 25 firms during the period of 2001 to 2014 show that there is a positive and significant relationship between book value of firm, abnormal earning and book value of intangible assets with the equity market value. Also The results show the relevance of intangible assets in a pre-standard implementation of most of the period after that.

Keywords

Journal of Iranian Accounting Review
Volume 4, Issue 13
February 2017
Pages 115-128

Files

Share

How to cite

Statistics