Know-how and Off balance sheet: Difference between pages

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1.  ''Law - European Union (EU) - UK - technology transfer agreements''.  
(OBS).
For the purposes of regulating technology transfer agreements, EU and UK law define know-how as:


:" a package of practical information, resulting from experience and testing, which is:
1.


:(i) secret, that is to say, not generally known or easily accessible,
In financing where assets and liabilities are acquired indirectly by an entity by way of a financial structure but are not purchased directly by the entity, in such a way that the liabilities are not required to be disclosed in the entity's balance sheet.


:(ii) substantial, that is to say, significant and useful for the production of the [relevant goods or services], and
The trend in financial reporting over time has been to restrict the types of structures which may be accounted for 'off balance sheet' in this way (instead requiring the liabilities to be appropriately reported in the balance sheet of the reporting entity).


:(iii) identified, that is to say, described in a sufficiently comprehensive manner so as to make it possible to verify that it fulfils the criteria of secrecy and substantiality."


:''EU Technology Transfer Block Exemption Regulation 316/2014 - retained EU law in UK.''
2.


The indirect financial reporting of the related liabilities within the notes to the financial statements - or possibly not at all - rather than directly on the face of the balance sheet.


2.  ''Other contexts.''
Sometimes known as 'off balance sheet treatment'.


Technical or practical knowledge gained from research or experience, that enables an individual or organisation in possession of it to implement a process.


Examples include the successful use of a patent.
Relevant accounting standards include Sections 2, 11, 12 and 23 of FRS 102.
 
 
Know-how is sometimes written ''knowhow''.
 
Know-how is sometimes known as "procedural knowledge".




== See also ==
== See also ==
* [[Balance sheet]]
* [[Balance sheet]]
* [[Brand]]
* [[FRS  102]]
* [[Fixed assets]]
* [[Off-balance sheet finance]]
* [[Goodwill]]
* [[IAS 38]]
* [[Impairment]]
* [[Intangible assets]]
* [[Intellectual property]]
* [[Knowledge and information management]]
* [[Law]]
* [[Patent]]
* [[Recognition]]
* [[Research & development]]
* [[Retained EU law]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 11:15, 6 November 2015

(OBS).

1.

In financing where assets and liabilities are acquired indirectly by an entity by way of a financial structure but are not purchased directly by the entity, in such a way that the liabilities are not required to be disclosed in the entity's balance sheet.

The trend in financial reporting over time has been to restrict the types of structures which may be accounted for 'off balance sheet' in this way (instead requiring the liabilities to be appropriately reported in the balance sheet of the reporting entity).


2.

The indirect financial reporting of the related liabilities within the notes to the financial statements - or possibly not at all - rather than directly on the face of the balance sheet.

Sometimes known as 'off balance sheet treatment'.


Relevant accounting standards include Sections 2, 11, 12 and 23 of FRS 102.


See also

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