Identificazione e contabilizzazione della relazione di clientela: l’applicazione del Multi-period Excess Earnings Method per la stima del fair value

This paper explores the valuation of intangible assets, with a particular focus on estimating the fair value of customer relationships—one of the most significant and commonly recognized intangible assets in business combinations under IFRS 3. In this context, the study reviews the relevant literature, examines the stance of accounting standards, and analyzes a corporate case involving a business combination between small and medium-sized enterprises (SMEs) applying IFRS. This analysis highlights the application of the Multi-Period Excess Earnings Method (MPEEM) and other relevant models for measuring the fair value of intangible assets, particularly customer relationships.