LKAS 38 Amortisation is the systematic allocation of the depreciable amount of an intangible asset over its useful life.

LKAS 38 provides additional recognition guidance for each method of acquisition 9

The document discusses the accounting treatment for intangible assets as prescribed by LKAS 38. It covers the objective, scope, definitions, recognition criteria and measurement requirements for intangible assets including those acquired separately, through government grants, in a business combination and internally generated intangible assets.

Sri Lanka Accounting Standard LKAS 38 Intangible Assets is set out in paragraphs 1–132. All the paragraphs have equal authority. LKAS 38 should be read in the context of its objective, the Preface to Sri Lanka Accounting Standards and the Conceptual Framework for …

LKAS 38 – INTANGIABLE ASSETS Key Definitions Intangible Assets Active Market Amortization Research Non-monetary assets Without physical substance Held for Manufacturing 3.Rental knowledgeAdmin Market where all conditions satisfied, 1. …

Separate Acquisition Scenari : Tech Solutions Ltd, purchased e patent for a new technology for Rs. 15 million on 1st March 2022. The patent has a legal life of 10 years. Answer: The patent …

LKAS 38 Carrying amount is the amount at which an asset is recognised in the statement of financial position after deducting any accumulated amortisation and accumulated impairment losses thereon. Cost is the amount of cash or cash equivalents paid or the fair value of other consideration given to acquire an asset at the time of its

LKAS 38 should be read in the context of its objective, the Preface to Sri Lanka Accounting Standards and the Conceptual Framework for Financial Reporting. LKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.

What is identifiable? What is control? Original and planned investigation... Application of research findings...

2025年3月5日 · Recognized as the torch bearers of the accounting and auditing profession in Sri Lanka, the institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is one of the country’s foremost and largest professional organizations that …