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Intangible assets ias 38

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Hyderabad Chapter of ICWAI
Hyderabad Chapter of ICWAI
BusinessTechnology
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INTANGIBLE ASSETS IAS 38 N R GOVINDARAJAN CHARTERED ACCOUNTANT FCA,AICWA,DISA,CISA
OVERVIEW ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview ,[object Object],[object Object],[object Object],[object Object]
Introduction ,[object Object],[object Object],[object Object],[object Object]
Applicability ,[object Object],[object Object],[object Object],[object Object],[object Object]
Basic criterion ,[object Object],[object Object],[object Object]
Identifiability ,[object Object],[object Object]
Control ,[object Object],[object Object],[object Object],[object Object]
Economic benefits ,[object Object],[object Object],[object Object],[object Object],[object Object]
Recognition and Measurement ,[object Object],[object Object],[object Object],[object Object]
Recognition ,[object Object],[object Object],[object Object],[object Object],[object Object]
Cost of intangible asset ,[object Object],[object Object],[object Object]
Acquisition through Grants ,[object Object],[object Object],[object Object],[object Object],[object Object]
Exchange of assets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Acquisition of IA in Business combinations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Fair value measurement ,[object Object],[object Object],[object Object]
Recognition of expeses on IA ,[object Object],[object Object],[object Object],[object Object]
Subsequent recognition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Subsequent recognition ,[object Object],[object Object],[object Object],[object Object]
Amortisation ,[object Object],[object Object],[object Object],[object Object]
Amortisation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Determination of useful life ,[object Object],[object Object],[object Object],[object Object],[object Object]
Residual value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Review of amortisation ,[object Object],[object Object],[object Object]
Derecognition ,[object Object],[object Object],[object Object],[object Object]
Derecognition ,[object Object],[object Object],[object Object]
Internally generated IA ,[object Object],[object Object],[object Object],[object Object]
Research phase ,[object Object],[object Object],[object Object]
Research phase ,[object Object],[object Object],[object Object],[object Object],[object Object]
Development phase ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Development phase ,[object Object],[object Object],[object Object],[object Object],[object Object]
Disclosures ,[object Object],[object Object],[object Object],[object Object],[object Object]
IA not in the acquirer’s books also to be recognised Recognised based on carrying amount Business combinations No need if there are no indications of impairment To be done for IA with infinite life IA > 10 years and not available for use Impairment test Allowed if active market exists silent Revaluation model STOP AMORTISATION NO SUCH ITEMS NCAHS No presumption 10 years with rebuttable presumption Period of amortisation Only impairment test No such items – amortisation required IA with indefinite life Allowed for IA with active markets Not allowed Revaluation IFRS IGAAP Particulars
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  • 34. IA not in the acquirer’s books also to be recognised Recognised based on carrying amount Business combinations No need if there are no indications of impairment To be done for IA with infinite life IA > 10 years and not available for use Impairment test Allowed if active market exists silent Revaluation model STOP AMORTISATION NO SUCH ITEMS NCAHS No presumption 10 years with rebuttable presumption Period of amortisation Only impairment test No such items – amortisation required IA with indefinite life Allowed for IA with active markets Not allowed Revaluation IFRS IGAAP Particulars