Title: Some professional issues on the valuation of technology
Authors: Sung-Soo Seol
Addresses: Department of Economics, Hannam University, 133 Ojung-dong, Daedeok-gu, Daejon 306-791, Republic of Korea
Abstract: The IFRS increasingly urges the valuation of many assets for financial reporting purposes, especially intangible assets and intellectual properties. Along with this trend, this paper discusses some of the thorny issues embedded in the valuation of technology, intangible assets, intellectual properties and their businesses. This paper deals with the valuation data, approaches and methods under social commitments, the standards of valuation of the professional society. In the methods section, there is a discussion why the Monte Carlo simulation is rejected as the main method. In addition, there are discussions about value sharing between value drivers and between joint developers. The third big issue is the value determinants of technology and its business, which determine exceptional value in a short period in certain circumstances.
Keywords: technology valuation; International Financial Reporting Standards; IFRS; valuation standards; intellectual property; value sharing; value determinants; financial reporting; intangible assets; Monte Carlo simulation.
DOI: 10.1504/IJTMKT.2010.035694
International Journal of Technology Marketing, 2010 Vol.5 No.2, pp.145 - 162
Published online: 02 Oct 2010 *
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