IAS 38 - Intangible Assets
Recognition, Measurement, and Amortisation of Intangible Assets Under IAS 38
About This Course
Course Information
The learning outcomes from this accounting standards CPD course include: Building on the basics Understanding measurement at the point of recognition How to recognise internally generated intangible assets Measurement after initial recognition
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 3 units of CPD . One unit is the equivalent of one hour of learning. A certificate will be issued once you have completed all 3 units.
Course Sections
This course is made up of the following sections:
- The Basics (video)
- The Basics (quiz)
- Measurement at the Point of Recognition (video)
- Measurement at the Point of Recognition (quiz)
- Recognising internally generated intangible assets (video)
- Recognising internally generated intangible assets (quiz)
- Measurement after initial recognition (video)
- Measurement after initial recognition (quiz)
What You Will Learn
- Define an intangible asset under IAS 38 and explain the three characteristics it must possess: identifiability, control, and future economic benefits
- Apply the recognition criteria for separately acquired intangible assets and those acquired in a business combination
- Distinguish between the research phase and the development phase of an internally generated intangible asset, and state the six criteria for capitalising development costs
- Compare the cost model and the revaluation model for measuring intangible assets after initial recognition, including restrictions on using the revaluation model
- Explain the difference between finite-life and indefinite-life intangible assets and describe the amortisation requirements for each
Who This Course Is For
- Accountants making judgements about whether to capitalise or expense internally generated intangibles
- Auditors reviewing the recognition and measurement of intangible assets
- Finance professionals studying IAS 38 for professional accounting examinations
Prerequisites
- Understanding of non-current assets and how they appear on the statement of financial position
- Familiarity with the concept of amortisation (similar to depreciation for tangible assets)
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