Use este identificador para citar ou linkar para este item: http://rebacc.crcrj.org.br/handle/123456789/6916
Título: INTANGIBLE ASSETS IMPAIRMENT TEST ISSUES: THE CASE OF A BRAZILIAN TELECOMMUNICATIONS COMPANY
Palavras-chave: Intangible assets. Impairment. Cash Flow. Residual Income
Editora / Evento / Instituição: AnpCONT
Descrição: National and international regulatory agencies by issuing new standards have tried to bring the accounting recorded values near to economic values. Nevertheless, it is understood that the latter carry a deeper level of subjectivity, on the grounds that completely new values will be obtained by the adoption of different conditions. This study aims to perform a comparative analysis between two company valuation methods: the Discounted Cash Flow and the Residual Income Valuation while performing the impairment test. The study case uses the database prepared by a telecommunications company to its subsidiary in the Internet sector for the purpose of the impairment test assessment. Some points have been identified as deserving special attention in a company’s valuation assessment, namely the discount rate and the growth rate. The results show that: 1) a firm’s economic value is sensitive to the use of a sole growth rate to calculate the perpetuity, considering that any changes in the rate will alter the decision based on the test; 2) the setup of a discount rate as a parameter in a firm’s valuation assessment is a fundamental point for the write-off decision resulting from an impairment test.
URI: http://rebacc.crcrj.org.br/handle/123456789/6916
Outros identificadores: http://asaa.anpcont.org.br/index.php/asaa/article/view/15
Aparece nas coleções:Revista ASAA

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