IAS 38 sets out the criteria for recognizing and measuring intangible asset. 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. Separable assets can be sold, transferred, licensed, etc. Examples of intangible assets include computer software, licenses, trademarks, patents, films, copyrights and import quotas.

Course Key Concepts: Intangible assets, International Financial Reporting Standard, Amortization, Research and Development, Accounting, Reporting, Assets.

Learning Objectives
  • Identify and explain the nature of internally-generated and purchased intangible assets.
  • Explore the criteria for the initial recognition of intangible assets.
  • Explore the criteria for the initial measurement of intangible assets.
  • Discover and define research expenditure and development expenditure according to IAS 38.
Last updated/reviewed: August 4, 2023
6 Reviews (15 ratings)

Reviews

5
Anonymous Author
good overview of an often misunderstood topic in accounting. class was very straight fwd and was done in a good fashion.
5
Member's Profile
Presented in a straight-forward manner with basic examples. The course is well-suited to someone not familiar with IAS 38 as it provides a basic framework. The instructor also points out related pronouncements to consider taking as well.
4
Member's Profile
The course is well structured and well paced. It is a great review of intangibles.
5
Anonymous Author
judgement of intangible assset is not easy . no clearly defined in practice.
5
Member's Profile
clear and concise, fairly basic information related to intangible assets
5
Anonymous Author
Excellent class that contained very relevant 'real world' examples.
Prerequisites
Course Complexity: Foundational
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 Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  An Overview2:28
  Intangible Assets Definition7:56
  Recognition and Measurement14:42
  Amortization1:34
  Research and Development7:12
  Research and Development-Example 18:16
  Research and Development-Example 2 and 38:16
CONTINUOUS PLAY
  IAS 38-Intangible Assets50:24
SUPPORTING MATERIAL
  Slides: IAS 38 - Intangible AssetsPDF
  IAS 38 - Intangible Assets Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam