Discounted cash flows (DCF) have been a traditional method in business valuation. This method is most useful in judging the risk and uncertainty of a project. Since few years, companies like Infosys have used this approach to value their brands and represent the same in their balance sheet. The...

The recent financial crisis highlights the tradeoff between ‘reliable’ and ‘relevant’ accounting and has sparked off an incessant debate. The pursuit of measuring ‘reliability’ vis-à-vis ‘relevance’ persistently comes under the focus of this study. This paper examines the...

The radical changes in 'business processes' as well as 'corporate strategies' have mandated the acknowledgement of the immense role of intangibles to corporate bottom lines. Besides, there has been an exponential growth in the spectrum of tradeable financial products. As a consequence, the need...