1. GROUP MEMBERS:
MUHAMMAD HAFIZAN (207745)
NORZAIDI (207828)
LOH AIK CHUN (214388)
VENOTH (214514)
SAIFUL BASRI (215371)

2.  identifiable without physical substance
 one of the non-monetary assets
 important for analytical purposes because
of its potential materiality on the
Statement of Financial Position of firm
Examples:
patents, customer list, artistic,
copyrights, licensing, trademarks,
construction permit, brands,
franchise agreements, and goodwill

3. Goodwill :
 exist when the companies make the
business combination
 determined by difference between the
fair value and net assets of the
entity
 measured at cost

4. Other Intangible Assets :
 Research phase - we will totally send
the cost into Statement of
Comprehensive Income under
expenses
 Development phase - available to use,
we will recognized this cost while
if there are no market, it will be
the expenses

5. Cost Model:
 Assets recorded at the initial cost of
acquisition less any accumulated
amortization and any accumulated
impairment losses.
Revaluation Model:
 Assets are carried at fair value at date
of the revaluation less any
subsequent accumulated
amortization and any subsequent
accumulated impairment losses

6. Finite:
 Amortized through it useful life that
was set up by the company for
example for 5 or 10 years
 Determined after deducting its residual
value
Indefinite:
 No annual amortization charge
 Shown for each period in Statement of
Financial Position

7.  Derecognized on disposal or when no
future economic benefits
 Gain or loss arising from derecognition
shall be difference between the net
disposal proceeds, and the carrying
amount of the asset
 Intangible assets with a finite useful
life does not cease when the asset
becomes temporarily idle or is
retired from active use