Under both standards, Accounting Standards Codification (ASC) Topic 350, Intangibles — Goodwill and Other, and International Accounting Standard (IAS) 38, Intangible Assets, intangible assets are defined as non-monetary assets without a physical substance.

As there is no physical existence for these kinds of assets, the criteria to differentiate between intangible assets and other expenses or goodwill is the one of the most critical topics under both standards.

This course focuses on the criteria contained in IAS 38, from paragraph 8 to paragraph 17.

This course simplifies the concepts of IAS 38 by discussing practical cases that are commonly faced by accountants in their day-to-day work.

This course helps the audience easily differentiate between intangible assets and other expenses or other kinds of assets by analyzing the two conditions of intangible assets, which is explained in this course.

Course Key Concepts:
IAS 38, Intangible assets, International Accounting Standards, goodwill, separable, contractual, identifiable, controllable, copyright, patents, customer loyalty, franchises, computer software, skilled staff, Motion picture films, customer lists, mortgage services rights, fishing licenses, import quotas, customer or supplier relationships, market share and marketing rights.

Learning Objectives

● Explore the differences between the intangible assets and the other kinds of assets and expenses.
● Identify the conditions that must be met to recognize the economic resource as an intangible asset.
● Discover how to analyze two conditions to test the existence of the intangible asset.

Last updated/reviewed: August 23, 2023
3 Reviews (24 ratings)


Anonymous Author
Was very helpful to get an overview of how intangibles accounting under IFRS differs from US GAAP, was very helpful to get a rundown of the IFRS framework.

Anonymous Author
Excellent presentation and one of the best CPE classes I've taken. The material was concise and directly to the point with very relevant examples.

Anonymous Author
Vert methodical presentation which took its time!!! Didn't lose the student with rushed talk. Well done.

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to The Definition of Intangible Assets as per IAS 3800:57
  Conditions of Intangible Assets 9:39
  Examples of Intangible Assets 17:01
  Examples of expenses (Part 1)13:11
  Examples of expenses (Part 2)9:54
  Example of expenses (Part 3)9:27
  Example of goodwill and Conclusion8:43
  The Definition of Intangible Assets as per IAS 381:08:55
  Slides: The Definition of Intangible Assets as per IAS 38PDF
  The Definition of Intangible Assets as per IAS 38 Glossary/IndexPDF