The document provides an overview of accounting for intangible assets under IAS 38. It discusses the definition of intangible assets, recognition criteria, measurement at cost or fair value, amortization of intangible assets with finite useful lives, impairment testing, and disclosure requirements. The document also covers topics such as government grants, internally generated intangible assets, revaluation model, and differences between IFRS and Indian GAAP treatment of intangible assets.

1. INTANGIBLE ASSETS IAS 38 N R GOVINDARAJAN CHARTERED ACCOUNTANT FCA,AICWA,DISA,CISA

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

35. case studies

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