© 1992

The Treatment of Intangibles

A Banker’s View


Table of contents

  1. Front Matter
    Pages i-viii
  2. T. H. Donaldson
    Pages 1-14
  3. T. H. Donaldson
    Pages 15-31
  4. T. H. Donaldson
    Pages 33-62
  5. T. H. Donaldson
    Pages 63-76
  6. T. H. Donaldson
    Pages 77-115
  7. T. H. Donaldson
    Pages 117-125
  8. Back Matter
    Pages 127-130

About this book


The book argues that accountants overemphasise cost and liquidation value, ignore cashflow and value to a going concern; that they would 'rather be precisely wrong than roughly right'. They therefore distort the values of many tangible and intangible assets, and overstate goodwill, with serious distorting effect. The book supports these arguments, illustrates the harm they do, and discusses how values, and their impact, vary - depending on the party banker, shareholder and situation.


accounting Inflation Liquidation Patent

Authors and affiliations

  1. 1.European Credit Policy CommitteeJ. P. MorganUK

Bibliographic information

Industry Sectors
Finance, Business & Banking