Accounting

IFRS IAS 38 Accounting treatment of purchased intangibles as an asset for r&d leading to future economic benefit. Recognition: it is possible that future economic benefits from the asset will flow to the entity and the cost of the asset can be reliably measured. With capitalized costs, the monetary value isn't leaving the company with the purchase of an item, as it is retained in the form of a fixed on intangible asset. Amortized over the periods expected to benefit.

Creating an investment agreement for AI intangible assets involves several key considerations to ensure that both the R&D and marketing aspects are adequately covered. Here's a high-level overview of what such an agreement might include: 1. *Definition of Intangible Assets*: Clearly define what constitutes the AI intangible assets, including algorithms, data sets, software, patents, and know-how⁵. 2. *Scope of Investment*: Specify the purpose of the investment, whether it's for further development, commercialization, or scaling up existing AI technologies¹. 3. *Valuation of Assets*: Establish a method for valuing the intangible assets, considering their potential to generate revenue, save costs, or provide a competitive advantage⁶. 4. *Terms of Investment*: Detail the terms, including the amount, milestones, timelines, and expected outcomes of the investment⁵. 5. *Ownership and IP Rights*: Clarify the ownership of the AI assets post-investment and the intellectual property rights associated with them⁶. 6. *Confidentiality and Non-Disclosure*: Include clauses to protect the proprietary information and maintain confidentiality⁶. 7. *R&D and Marketing Plans*: Outline the plans for research and development, as well as marketing strategies to commercialize the AI assets¹². 8. *Performance Metrics*: Set clear performance indicators to measure the success of the investment in terms of innovation, market reach, and financial returns¹. 9. *Exit Strategy*: Define the conditions under which parties can exit the agreement and the mechanisms for asset transfer or sale⁵. 10. *Legal and Regulatory Compliance*: Ensure that the agreement complies with relevant laws and regulations, including those related to data protection and AI ethics⁶. It's important to consult with legal and financial experts who specialize in AI and intangible assets to tailor the agreement to your specific needs and to ensure that all parties' interests are protected. If you need more detailed assistance or have specific questions, feel free to ask! Source: Conversation with Bing, (1) Artificial intelligence and productivity: an intangible assets approach .... https://academic.oup.com/oxrep/article/37/3/435/6374681. (2) AI in R&D will lead to more innovative products and more efficient .... https://www.rolandberger.com/en/Insights/Publications/AI-in-R-D-will-lead-to-more-innovative-products-and-more-efficient-processes.html. (3) The impact of intangibles—unlock unseen value - Deloitte. https://www.deloitte.com/global/en/services/legal/perspectives/the-impact-of-intangibles.html. (4) How to Design an AI Marketing Strategy - Harvard Business Review. https://hbr.org/2021/07/how-to-design-an-ai-marketing-strategy. (5) Marketing AI: The Future of Smart Marketing | Gartner. https://www.gartner.com/en/marketing/topics/ai-in-marketing. (6) 13 ways to use generative AI in R&D and IP - Evalueserve. https://www.evalueserve.com/blog/13-ways-to-use-generative-ai-in-rd-and-ip/. (7) Unlocking Investment in Intangible Assets. https://economy-finance.ec.europa.eu/system/files/2018-01/dp047_en.pdf. (8) undefined. https://doi.org/10.1093/oxrep/grab018. (9) undefined. https://www.eff.org/ai/metrics.

Forming report for your fiscal year all values in demoninated currency for other intangible assets and cash and cash equivalents then securing a meeting with an executive committee involves a strategic approach. Here are some steps you can follow: 1. *Agenda Preparation*: Prioritize and create a clear list of topics relevant to the executive committee's interests¹. 2. *Schedule The Meeting*: Find a mutually convenient date and time for all executive committee members². 3. *Notification*: Send a formal invitation well in advance, including the purpose, venue, date, and time of the meeting². 4. *Prepare Information Packets*: Distribute necessary documents to attendees beforehand to ensure everyone is well-prepared². 5. *Review Of Minutes*: Refresh the committee's memory on pending tasks or past resolutions by reviewing the minutes of the previous meeting². 6. *Meeting Setup*: Set up the venue with appropriate seating and necessary equipment². 7. *Conduct The Meeting*: Follow the agenda rigorously, with the chairperson leading the discussion². 8. *Maintain Decorum*: Ensure that the meeting proceeds in an orderly fashion². 9. *Minutes Documenting*: Record the discussions and decisions made during the meeting². 10. *Action Plan Creation*: Develop a plan for implementing the decisions made during the meeting². Remember, the key to a successful executive committee meeting is thorough preparation, clear communication, and effective facilitation. Good luck! Source: Conversation with Bing (1) Run Executive Committee Meetings: Tips, Agenda Examples & Tools. https://zipdo.co/guide/executive-committee-meeting/. (2) How To Plan A Executive Committee Meeting Agenda That Gets Results. https://meetingfever.com/executive-committee-meeting-agenda/. (3) How To Run An Executive Committee Meeting • MeetingFever. https://meetingfever.com/executive-committee-meeting/.

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