International Accounting Standard 38 Intangible Assets (IAS 38) is set out in paragraphs 1–133. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB.

IAS 38 sets out the criteria for recognising and measuring intangible assets and requires disclosures about them. An intangible asset is an identifiable non-monetary asset without physical substance. Such an asset is identifiable when it is separable, or when it arises from contractual or other legal rights.

2024年4月12日 · IAS 38 governs the accounting treatment for intangible assets that are not specifically addressed by another IFRS standard. IAS 38 provides guidance on recognising an expenditure either as an intangible asset or an expense in profit or loss. Moreover, it outlines what should be included in the cost of an intangible asset.

Learn about PAS 38, intangible assets, initial & subsequent measurement, amortization. College-level accounting lecture aid.

IAS 38 Intangible Assets sets out the recognition criteria, measurement bases and disclosure requirements for intangible assets not dealt with specifically in another standard. This page provides information on the standard and recent amendments, alongside …

2024年4月12日 · IAS 38 outlines the accounting treatment for intangible assets, which are assets that: lack physical substance, are non-monetary, and ; identifiable. IAS 38 applies to all intangible assets not specifically addressed by other IFRSs. Excluded assets, such as deferred tax assets and goodwill, are detailed in IAS 38.2-3.

In About you will find a brief summary and the history of the Standard, alongside related active and completed projects and other related information. In News you will find recent news announcements regarding the Standard, including meetings about projects which might affect the …

This document summarizes PAS 38 Intangible Assets. It defines intangible assets as non-monetary assets without physical substance, excluding goodwill from business combinations. An intangible asset must be identifiable, provide future economic benefits, and have its cost measured reliably to be recognized.

IAS® 38 Intangible Assets is one of the key standards in the Financial Reporting (FR) exam, covering how companies should account for intangible assets. This standard can be examined in all sections of the exam.

1999年7月1日 · IAS 38 establishes general rules for recognition and measurement of intangible assets. It deals with acquisition of intangibles under specific circumstances , such as: Separate acquisition,

understand initial measurement requirements of IAS 38 standard; apply subsequent measurement methods for accounting intangible assets; understand the concept of intangible assets with finite and indefinite useful lives; define criteria for impairment; review IAS …

2021年10月10日 · PAS 38 Intangible Assets Learning Objectives • Define an intangible asset. • State the initial measurement of intangible assets that are (a) externally acquired and (b) internally generated. • State the subsequent measurement of intangible assets that (a) have finite useful life and (b) indefinite useful life.

understand initial measurement requirements of IAS 38 standard. apply subsequent measurement methods for accounting intangible assets. understand the concept of intangible assets with finite and indefinite useful lives. define criteria for impairment. review IAS …

Learn about PAS 38: Intangible Assets, including recognition criteria, measurement, and accounting for internally generated assets. College level.

In April 2001 the International Accounting Standards Board (Board) adopted IAS 38 Intangible Assets, which had originally been issued by the International Accounting Standards Committee in September 1998.

The document discusses the accounting standards for intangible assets under PAS 38. It defines intangible assets and outlines the criteria for recognition, initial measurement, subsequent expenditure, amortization, and impairment testing of intangible assets.

Study with Quizlet and memorize flashcards containing terms like What standard is PAS 38?, True or false. PAS 38 applies to ALL intangible assets., What Standard will apply to goodwill acquired in a business combination? and more.

PAS 38 provides guidance on accounting for intangible assets. It defines an intangible asset as an identifiable non-monetary asset without physical substance. Intangible assets may be acquired separately, as part of a business combination, through …

This document outlines the essential elements for classifying an asset as an intangible asset according to accounting standards. It discusses that an intangible asset must be identifiable, have no physical substance, and provide future economic benefits.