International Accounting Standard 38 Intangible Assets (IAS 38) is set out in paragraphs 1–133. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB.

IAS 38 sets out the criteria for recognising and measuring intangible assets and requires disclosures about them. An intangible asset is an identifiable non-monetary asset without physical substance. Such an asset is identifiable when it is separable, or when it arises from contractual or other legal rights.

IAS® 38 Intangible Assets is one of the key standards in the Financial Reporting (FR) exam, covering how companies should account for intangible assets. This standard can be examined in all sections of the exam.

2024年4月12日 · IAS 38 provides guidance on recognising an expenditure either as an intangible asset or an expense in profit or loss. Moreover, it outlines what should be included in the cost of an intangible asset.

Paragraph 8 of IAS 38 Intangible Assets defines an intangible asset as ‘an identifiable non-monetary asset without physical substance’. Paragraph 12 of IAS 38 states that an asset is identifiable if it is separable or arises from contractual or other legal rights.

IAS 38 Intangible Assets sets out the recognition criteria, measurement bases and disclosure requirements for intangible assets not dealt with specifically in another standard. This page provides information on the standard and recent amendments, alongside …

2025年2月3日 · IAS 38 defines an intangible asset as an identifiable non-monetary asset without physical substance. Such an asset is identifiable when it is separable, or when it arises from contractual or other legal rights. Separable assets can be sold, transferred or licensed.

2024年4月12日 · IAS 38 outlines the accounting treatment for intangible assets, which are assets that: identifiable. IAS 38 applies to all intangible assets not specifically addressed by other IFRSs. Excluded assets, such as deferred tax assets and goodwill, are detailed in IAS 38.2-3.

IAS 38 applies to all intangible assets, except: • intangible assets within the scope of another standard (e.g. intangible assets held by an entity for sale in the ordinary course of business; goodwill acquired in a business combination) • financial assets as defined in IAS 32 Financial instruments: Presentation

understand initial measurement requirements of IAS 38 standard; apply subsequent measurement methods for accounting intangible assets; understand the concept of intangible assets with finite and indefinite useful lives; define criteria for impairment; review IAS …