Summary IAS 38 - Intangible Assets

Non-cument
Approach to Assets



>
- When (Initial recognition
>
-
Asset definition

Classification (PPE anything else Investment Right of
>
-
or ,
use


Intangible Assets

>
-
Initial recognition
Initial
subsequent
>
- measurement

>
-

Derecognition
>
-
Presentation and disclosure
.




IAS 38 :
Intangible Assets

⑦ C2 O
3
Identifiable non-monetary asset without
physical substance
&
lase.
IAS 38 .
IAS
12 38 8
.




①- Identifiable asset is either
separable arises from contractual
or

or
legal rights ↓
Canb dividedorseparate from the entity
oa an


Fixed deposit
↑
⑳ > Nour monetary ; Monetary assets money
held and assets
are


to be received in fixed or determinable amounts of money g Recipe e .




Trade Marks
Licenses

Copy rights
Patents

③
Without physicasubstance: HottangibleSome
a
as
.




to determine significant which is .


>
-
Housing of the asset is not the asset

, Initial
recognition

Recognition criteria




Probable future
>
-
economic benefits will flow to the entity
Cost of the
>
-
asset is measured reliably ·




Initial measurement




·
Measured at cost


>
- Purchase
price
Import duties
>
-



>
-
Non-refundable purchase taxes
for
Any directly attributable cost of
>
-

preparing the asset

its intended use.




Recognition of costs ceases when asset is in condition necessary
for its intended use




If deferred
.
payment
is