Bank Core Deposit Intangibles: A Conceptual View.

This article focuses on the revision of the accounting rules relating to the capitalization and subsequent amortization of certain intangible assets by banks for the purpose of applying the rules to such acquisition. As a result of recent pronouncements by the Financial Accounting Standards Board, the Securities and Exchange Commission and the Office of the Comptroller of the Currency, some banks have begun to capitalize one intangible asset purportedly arising from such acquisitions namely, core deposit intangibles. It therefore concludes that the core deposit intangible accounting does not comply with some of the basic precepts of contemporary accounting theory