While most businesses track tangible items such as buildings, inventories or machineries, some may not be aware that the value of intangible assets is significant in the long-term if they are properly identified and managed. Intangible assets are critical to corporate value. The lack of reporting may affect valuations for the worse when it comes to business acquisitions or expansion. What are the financial reporting and valuation challenges? How do we identify and value intangible assets that are not only critical in today’s business, but also comparability on financial statements?
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