Journal of Business & Economic Policy

Intangibles: The Impaired Accounting Challenge
John H. Nugent, DBA, LLM, CPA, CFE, CISM, FCPA; Alex Pomelnikov, Ph.D; Kerry Webb, Ph.D.

Abstract
This paper examines the issue of perceived value generated by the assignment of financial value to intangibles in financial reporting. In particular, values assigned to goodwill and other intangibles in mergers and acquisitions are examined, and the impact of such intangible valuations as a potential misperception/misdirection as to true underlying entity value is examined. “Perception is often the ultimate mask for reality.” Attributed to the Hilliard Consulting Group, 2001

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