This document discusses accounting for intangible assets under PSAK 19 and IAS 38. It covers the characteristics, initial recognition, subsequent measurement, amortization, and impairment of intangible assets. Goodwill is specifically addressed, including how it is calculated and tested for impairment. The document also discusses capitalizing development costs for internally generated intangible assets once economic viability criteria are met. Examples of journal entries for acquiring, amortizing, and impairing intangible assets are provided.

1. Pertemuan 9
Selasa, 20 November 2012

2. INTANGIBLE ASSETS

3. Introduction
• PSAK 19 – IAS 38
• Characteristics
– They are identifiable
– Lack of physical existence
– They are not monetary assets
• Initial Recognition
– Goodwill
• Through business combination  capitalize
• Internally created  expense
– Non Goodwill
• Through acquisition  capitalize
• Internally created  research (expense), development (capitalize
only after economic viability criteria is met)

4. Introduction
• Subsequent to Recognition
– Cost Model
– Revaluation Model
• Economic Life and Amortization
– Indefinite life  no amortization; use impairment
test annually
– Definite Life  amortization over useful life; use
impairment test

5. Introduction
• Types of Intangible Assets
– Marketing Related
– Customer Related
– Artistic Related
– Contract Related
– Technology Related
– Goodwill

6. Jurnal
• Acquire intangible assets (other than goodwill)
• Amortize intangible assets
• Impair intangible assets
Patent XXX
Cash XXX
Amortization Expense - Patent XXX
Patent or Accumulated Amortization - Patent XXX
Loss on Impairment XXX
Patent or Accumulated Amortization - Patent XXX

7. Goodwill
• The most intangible of the intangible assets
• How to Calculate Goodwill?
– Purchase Price (–) FV of Net Assets

8. Goodwill
• Goodwill Impairment (membandingkan CA NA dengan RA)
• Goodwill impairment loss reversals are not permitted
Property, Plant, and Equipment 205,000
Patents 18,000
Inventories 122,000
Receivables 35,000
Cash 25,000
Goodwill 50,000
Liabilities 55,000
Cash 400,000
Loss on Impairment XXX
Goodwill XXX

9. Economic Viability
• The project achieves technical feasibility of
completing the intangible assets so that it will
be available for use or sale
• Company intends, and has the ability, to
complete the intangible assets and use or sell
it
• Intangible assets will generate probable future
economic benefit

10. Economic Viability
• The company has adequate technical, financial
and other resources to complete the
development of the intangible assets
• The company can measure reliably the
development costs associated with the
intangible assets to be developed