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: March 6, 2024
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Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
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:
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cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
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![Instructor for this course Instructor for this course](https://www.illumeo.com/sites/proformative.com/files/imagecache/user_image_large/pictures/picture-149195-1671281213.jpg)
Amna ZaheerFinance Trainer