Instructor for this course

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: May 21, 2022

1 Review (18 ratings)Reviews

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.


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
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 .
Course Syllabus
  00:58Introduction to The Definition of Intangible Assets as per IAS 38
  9:40Conditions of Intangible Assets
  17:01Examples of Intangible Assets
  13:12Examples of expenses (Part 1)
  9:54Examples of expenses (Part 2)
  9:27Example of expenses (Part 3)
  8:44Example of goodwill and Conclusion
  1:08:56The Definition of Intangible Assets as per IAS 38
  PDFSlides: The Definition of Intangible Assets as per IAS 38
  PDFThe Definition of Intangible Assets as per IAS 38 Glossary/Index