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| 1. ''Accounting''.
| | ''Anti money laundering - UK''. |
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| For accounting purposes, intangible assets are ones that are considered to be long-term assets but are intangible in nature, such as the value of patents and goodwill generated by the business.
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| | The Money Laundering Regulations 2017. |
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| The principles for including this kind of intangible asset in an accounting balance sheet are that the asset must:
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| 1. Have a cost that can be reliably measured; AND
| | Not to be confused with the former UK Minimum Lending Rate (MLR). |
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| 2. Be likely to give rise to future economic benefits.
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| The accounting term for including such an item in a balance sheet is 'recognising' the asset.
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| Relevant accounting standards include IAS 38 and Sections 18 and 19 of FRS 102.
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| 2.
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| More broadly, any non-physical asset, whether it is a short-term asset or a longer-term one.
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| == See also == | | == See also == |
| * [[Amortise]] | | * [[AML4]] |
| * [[Assets]] | | * [[MLR]] |
| * [[Balance sheet]] | | * [[Money laundering]] |
| * [[Financial reporting]] | | * [[Money Laundering Regulations 2017]] |
| * [[Fixed assets]] | | * [[SOCA]] |
| * [[Gearing]] | | * [[USA PATRIOT Act]] |
| * [[Goodwill]]
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| * [[IAS 38]]
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| * [[FRS 102]]
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| * [[Intellectual property]]
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| * [[Net worth]]
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| * [[Patent]]
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| * [[Recognition]]
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| * [[Research and development]]
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| * [[Tangible asset]]
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| * [[Tangible net worth]]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:The_business_context]]
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Revision as of 20:54, 6 February 2019
Anti money laundering - UK.
The Money Laundering Regulations 2017.
Not to be confused with the former UK Minimum Lending Rate (MLR).
See also