Mandatory and voluntary information on intangible assets released by companies has had an increasing im-portance: the intangible assets are often not known by the traditional accounting reporting, but recently they are increased both because of dimension and weight. The weakness showed by the annual reports’ disclosure cannot be gone over by means of a simple improvement of the technical normative aspects but it needs of new tools of reporting. The aim of this paper is to study in depth the disclosure of the intangible assets of the companies listed in a particular segment of the Italian market stock exchange, named “Segmento Titoli Alti Requisiti” (STAR). The our purpose is to check the tipology and the extent of disclosure on intangible assets included in the consolidated annual reports of the STAR companies. The research methodology is a partial form of content analysis, which provides for the selection of 40 items required by the International Accounting Standard (IAS) 38, with the attribution of a score 0/1 regard of the absence/presence of a peculiar and identifiable piece of information. The results emphasize that the mandatory disclosure shows different gaps, which are for example the information on the definition and the method of fair value’s determination; the information about the requirements of the capitalization of the internally generated intangibles, etc.. The major information is on the process of amortization, moreover about the extent of disclosure, it is possible to identify some clear differences between companies from different macro-sectors of businesses. If we consider the voluntary disclosure, the empirical research has emphasized that only some companies draw up voluntary specific reports, such as the Intellectual Capital Statement, or other kinds of report, for example the environmental or social statement. Both the mandatory and voluntary disclosure released by the STAR companies is not so extensive: this fact has disappointed the expectation of a major willingness of the STAR segment to the “new” international accounting regulation IAS/IFRS.
Poddighe, F., Doni, F. (2009). La disclosure obbligatoria e volontaria sugli intangible assets delle aziende del segmento STAR. In AIDEA Accademia Italiana di Economia Aziendale. Le risorse immateriali nell'economia delle aziende II. Profili di misurazione e di comunicazione (pp.99-110). Bologna : Il Mulino.
La disclosure obbligatoria e volontaria sugli intangible assets delle aziende del segmento STAR
DONI, FEDERICA
2009
Abstract
Mandatory and voluntary information on intangible assets released by companies has had an increasing im-portance: the intangible assets are often not known by the traditional accounting reporting, but recently they are increased both because of dimension and weight. The weakness showed by the annual reports’ disclosure cannot be gone over by means of a simple improvement of the technical normative aspects but it needs of new tools of reporting. The aim of this paper is to study in depth the disclosure of the intangible assets of the companies listed in a particular segment of the Italian market stock exchange, named “Segmento Titoli Alti Requisiti” (STAR). The our purpose is to check the tipology and the extent of disclosure on intangible assets included in the consolidated annual reports of the STAR companies. The research methodology is a partial form of content analysis, which provides for the selection of 40 items required by the International Accounting Standard (IAS) 38, with the attribution of a score 0/1 regard of the absence/presence of a peculiar and identifiable piece of information. The results emphasize that the mandatory disclosure shows different gaps, which are for example the information on the definition and the method of fair value’s determination; the information about the requirements of the capitalization of the internally generated intangibles, etc.. The major information is on the process of amortization, moreover about the extent of disclosure, it is possible to identify some clear differences between companies from different macro-sectors of businesses. If we consider the voluntary disclosure, the empirical research has emphasized that only some companies draw up voluntary specific reports, such as the Intellectual Capital Statement, or other kinds of report, for example the environmental or social statement. Both the mandatory and voluntary disclosure released by the STAR companies is not so extensive: this fact has disappointed the expectation of a major willingness of the STAR segment to the “new” international accounting regulation IAS/IFRS.
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