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    IAS 38 provides guidance on accounting for intangible assets. Key points include: - Intangible assets can be identifiable non-monetary assets without physical substance. - Intangible assets are initially measured at cost. Subsequent expenditure is generally recognized as an expense unless it meets criteria to be recognized as part of the cost of the intangible asset. - Intangible assets with finite useful lives are amortized over their useful economic lives. Intangible assets with indefinite useful lives are tested annually for impairment.

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    IAS 38 provides guidance on accounting for intangible assets. Key points include: - Intangible assets can be identifiable non-monetary assets without physical substance. - Intangible assets are initially measured at cost. Subsequent expenditure is generally recognized as an expense unless it meets criteria to be recognized as part of the cost of the intangible asset. - Intangible assets with finite useful lives are amortized over their useful economic lives. Intangible assets with indefinite useful lives are tested annually for impairment.

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    © All Rights Reserved
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    3 views2 pages

    Null 13

    Uploaded by

    karunya vadigoppula
    IAS 38 provides guidance on accounting for intangible assets. Key points include: - Intangible assets can be identifiable non-monetary assets without physical substance. - Intangible assets are initially measured at cost. Subsequent expenditure is generally recognized as an expense unless it meets criteria to be recognized as part of the cost of the intangible asset. - Intangible assets with finite useful lives are amortized over their useful economic lives. Intangible assets with indefinite useful lives are tested annually for impairment.

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    of 2

    IAS 38: LNTANG1BLE A sseTs (TA)

    OTtangude diset (2 Ldentitiable meand


    Conbo FEA
    ContoL au Powt (4 ibiito
    epcuable ( 0 Revens Saunng Tax
    uu
    economic benthita (FEB) thug
    to cbtaun Hetric
    benth
    Contract FEB o theus
    dentiriable fom et
    a ccessn
    Non moneta FEB
    ithout phyi al Aubstenca
    hld r us
    Subsequnt
    G) Itial Reotion &pepdit
    5Recwgni'tiyn cu u a
    At Cost gwu FEB ncuas
    COstCan
    Probabl e ( Os a Uult
    emuasuud
    Fe Rnch sR
    Cpendtwn e

    enpeed raiiab Ctti b u t t l


    Coct Conittuuua t
    cOsl
    Lo
    hasge i t to

    9 Mia um e u a t SPL
    Balanu Ahut dal

    Cost
    Revauahioo
    model modu

    a n e os

    TAS I6
    Noe Patents, brandnamek
    rodsmanb rubushunq ighs
    ehu ie/ RearaMch Swelormeut
    Amatizatioo Peiool xpeees

    I A hauuing Rean ch Developmet


    IA hauing
    indehinut
    dluynsd iahul Auwcuyk
    Canitauu e on

    Chwge to a l G conditions
    No amgirction au f u l l l d , oHuum
    Amouse ore SPL
    but u b j e ct to
    the peu od h a n g to sPL
    eutimakd Inpainmeut testn
    Cunuaulwhutur Concutios -"HRATE"
    Y mot"inducauon
    Pobable tow e FEB om a n e
    paimeut Ci) Tntention to comhleli Au
    Mekcd Eise Cin) Reuable muasUu O deuelopmeut

    ( COst
    the CW) Actoguau Msou cs

    rattin duchb Ctlun (v) Tecnical leaibility t o


    bnumhton is mot
    c l t n u nab le
    FEB Epeud CV Epndalu tan e Micuwud
    ut piont sLltcuby
    Tnunaly gnuatidd

    ZA

    o Ra cogmitien

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