IAS 38 Intangible assets

IAS 38 – Significant Judgments and Estimates in a World Where Intangibles Drive Value

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Part 1: Why the Balance Sheet Is Falling Behind the Business Model 1. Introduction – The Silent Growth of Intangible Value Topics show 1. Introduction – The Silent Growth of Intangible Value 2. EV/EBITDA as a Symptom of Intangible Dominance 3. The Objective and Boundaries of IAS 38 4. Recognition Criteria – Where Judgment Begins … Read more

Residual value best read used 4

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Last Updated on 24/02/2020 by 75385885 4 proper uses of Residual value Topics hide 4 proper uses of Residual value Residual value IAS 16 Definition: The residual-value of an asset is the estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset … Read more

Sales outside ordinary activities – best way of combining IFRS 15 IAS 16 IAS 38 and IAS 40

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Topics hide Sales outside ordinary activities Case – Sale of a single-property real estate (IFRS 3, IFRS 10, IAS 40 ) Food for thought – Judgement required to identify ordinary activities (IFRS 15.BC53) Food for thought – Accounting for a non-current non-financial asset held for sale may result in a gain or loss on transfer … Read more

Blockchain – Best 2 accounting for IFRS

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Topics hide Blockchain accounting for IFRS Holding cryptocurrencies – e.g. Bitcoin, Ether etc Holding or issuing cryptoassets – e.g. tokens/coins Holding cryptocurrency and cryptoassets as a broker-trader Crypto mining Tax on digital assets Blockchain accounting for IFRS Holdings of cryptocurrencies allow individuals and businesses to transact directly with each other without an intermediary such as … Read more

Capitalisation of expenditure – 1 Complete answer

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Topics hide Capitalisation of expenditure Capital expenditure (including equipment repairs and maintenance) Initial recognition of indirect costs Subsequent recognition of indirect costs Recording lease contracts – Right-of-Use Assets Subsequent Measurement of the Right-of-Use Asset Capitalisation of borrowing costs Capitalisation of cloud computing costs Accounting for a cloud computing arrangement that does not include an intangible … Read more

Advertising and promotional costs

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Topics hide Advertising and promotional costs Promotional catalogues and brochures Samples Media advertising In summary Advertising and promotional costs The purpose of this narrative is to provide guidance when accounting for expenditure on advertising and promotional activities, including: promotional catalogues and brochures; samples; and media advertising. Promotional catalogues and brochures Catalogues that are distributed free … Read more

Asset definition

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Topics hide Asset definition IAS 38 Intangible assets Analysis of the asset definition Conceptual Framework for Financial Reporting Right Potential to produce economic benefits Control Asset definition There are two asset definitions in current IFRS Standards, in IAS 38 Intangible assets and in the Conceptual Framework for Financial Reporting. The wording deviated but the meaning … Read more

1 Ultimate Guide – IFRS vs US GAAP Intangible assets goodwill

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide IFRS vs US GAAP Intangible assets goodwill IFRS Definition US GAAP Definition IFRS Initial recognition and measurement US GAAP Initial recognition and measurement IFRS Research and development US GAAP Research and development IFRS Software developed for sale US GAAP Software developed for sale IFRS Internal-use software US GAAP … Read more