Goodwill og andre immaterielle aktiver efter IFRS: Med analyse af regnskabsstandarderne IAS 36, IFRS 3 og IAS 38 i Carlsbergs årsrapporter for perioden 2008 til 2015

Nicolai Rasmussen

Student thesis: Diploma thesis

Abstract

This project examines the accounting of goodwill and other intangible assets under IASB International Financial Reporting Standard (IFRS). The project will analyze the Danish brewery, Carlsberg’s, assessment of the disclosure requirements in the standards IFRS 3, IAS 38 and IAS 36 in the period 2008 to 2015. The projects assesses the following research question: “How are goodwill and other intangible assets accounted for under IFRS, and to what extent has Carlsberg, for these recognized assets, met the disclosure requirements in IFRS 3, IAS 38 and IAS 36 in the period 2008 to 2015?”. The first section of the project comprises a description of the methods applied to sustain a high quality and validity of data throughout the assignment and the methods applied to collect data and select an unit for analysis. Consecutive, there will be a description and discussion of the accounting theory of the financial report, IFRS and intangible assets that are conducted, with relevant references to Carlsberg’s annual reports. Subsequent, the IFRS standards IFRS 3, IAS 38 and IAS 36 are examined with pertinent references to Carlsberg’s annual reports. IFRS 3 is the standard applied in business combinations and it prescribes the accounting for goodwill. Goodwill can only be recognized as an asset under IFRS, when it is emerged from a business combination. The other intangible assets described in the project are prescribed under IAS 38. IAS 36 is the standard for impairment of assets and is substantial in the accounting for goodwill and other intangible assets with infinite life, since these assets are not amortized, but are instead required to be tested for impairment annually. The conclusion demonstrates that there have been no major discrepancies in Carlsberg’s assessment of the disclosure requirements in the standards IFRS 3, IAS 38 and IAS 36 in the period 2008 to 2015. However, the analysis showsminor discrepancies in Carlsberg’s assessment of IFRS 3.69 in 2008 and 2011 and discrepancies relating to both 3.69 and 3.70 in 2013, 2014 and 2015. There are no discrepancies in Carlsberg’s assessment of the disclosure requirement in IAS 36, but there are minor discrepancies in IAS 36.134 in the greater part of the result period analysed. Following the conclusion, the project will comprise a discussion, in which the subsequent accounting for goodwill is taken into perspective with considerations of the future implications of a potential new accounting approach.

EducationsGraduate Diploma in Financial and Management Accounting, (Diploma Programme) Final Thesis
LanguageDanish
Publication date2016
Number of pages104