IFRS 3: A step to harmozination

Abstract

This dissertation examines the main aspects of the IFRS 3 and the changes that it introduces, dealing more analytically with the treatment of intangible assets and goodwill. Through revising different classification systems, previous literature on the topic of intellectual capital in general and the ways intangible have been treated in Greece, it aims to provide a background on these issues for the reader to have a general view on them and enable him/her to understand the impacts of the new standard. Finally, it presents the findings of five interviews conducted with two leading companies in the sector of industrial minerals, of the Athens Stock Exchange and three of the biggest auditing companies worldwide as well as the main conclusions and implications drawn.