CONTENTS

	What this module is about

	What is valuation and why should it be applied to your IP

	What type of resource or asset is IP

	Why value your IP

	What IP can be assigned value

	Identifying intangible assets

	Accounting issues relating to IP

	International accounting treatment of intangible assets

	The criteria for recognising IP

	IP valuation methods

	Summary of key concepts

Valuation of IP

	What this module is about
	Brief Overview.

	What is valuation and why should it be applied to your IP
	Valuation is the process of allocating a dollar value to all the resources (assets) your business owns and that you expect will benefit you in the future.

	What type of resource or asset is IP
	Businesses generally have two types of assets.

	Why value your IP
	Putting in the time and in some cases, expense to identify and value your IP

	What IP can be assigned value
	Many Australian companies do not recognise their acquired IP as separately identifiable intangible assets.

	Identifying intangible assets
	Examples of some identifiable and unidentifiable intangibles that may be found within a typical business.

	Accounting issues relating to IP
	There is currently no Australian Accounting Standard that comprehensively addresses the accounting treatment of IP in Australia.

	International accounting treatment of intangible assets
	The International Accounting Standards Committee (IASC)

	The criteria for recognising IP
	Requirements to be able to separately recognise, value and record your IP.

	IP valuation methods
	There are a number of different ways in which IP assets can be valued.

	Summary of key concepts
	Important information to take away from this module.

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