Business Reporting of Intangibles


In February 2019, the Fin­an­cial Re­port­ing Council (FRC) issued a Dis­cus­sion Paper on the Busi­ness Re­port­ing of In­tan­gibles.  The FRC notes that there are fre­quent calls to reform the ac­count­ing for in­tan­gible assets, par­tially in re­sponse to the move to a know­ledge-based economy. There­fore, the FRC paper pub­lished con­siders the case for radical change to the ac­count­ing for in­tan­gible assets and the like­li­hood of such change being made in the near future.

Current status of the project

The Dis­cus­sion Paper was issued in Feb­ru­ary 2019 with a comment period to 30 April 2019.

In January 2021, the FRC published its feedback statement which provides a summary of the views expressed in the responses to the Discussion Paper.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.