Initial Measurement Intangible assets should be measured initially at cost, following the same principles as for tangible assets. ACCA F7 Video Lectures 2017 ACCA F7 Video Lectures 2017 Welcome to you all, now⦠Very Important Examiner Tips for PM, FR, AA and FM Examiner tips for PM PM exam sitters should remember to⦠Latest ACCA DipIFR Book and Exam Kit 2019 Latest ACCA DipIFR Book and ⦠IAS 38 Intangible asset from past papers in ACCA SBR (INT). IAS 38 gives further guidance on all 3 aspects: Identifiability, Control, and ; Future economic benefits. An introduction to ACCA SBR (INT) C2d. close Account Required A valid account is required to access that content. Acowtancy. Revised March 2004. Contact information for your local office, Virtual classroom support for learning partners, the scope of IAS® 38 and the intangible assets that it deals with, initial recognition of measurement in the financial statements. Contents. This course explains these three categories in detail, after which the measurement requirements of IAS 38 are discussed (initial measurement, subsequent measurement methods, amortisation, impairment, disclosure requirements) using practical examples and interim tests to enhance understanding. All course bookings are subject to the terms and conditions set by the course provider. IAS 38 establishes general rules for recognition and measurement of intangible assets. The objective of IAS 38 is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Standard. Illustrative Examples â IAS 38 Intangible Assets . Click here to take the IAS 38 Quiz. ACCA CIMA CPD FIA (ACCA) AAT. This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes. The standard also specifies how to measure the carrying amount of intangible assets and requires specified disclosures about intangible assets. The Quiz may take a few seconds to load so please do not refresh the page I ⦠IAS 38 Intangible Assets was issued by the International Accounting Standards Committee in September 1998. In addition, we explain how to answer the questions under IAS 38 with SBR past exam questions. review IAS 38 standard's disclosure requirements. Become a Financial Reporting Faculty member. ACCA takes no liability for bookings made with third-party suppliers. ACCA P2èè¯ï¼ IAS 38 Intangible Assets 1. You will be redirected to an external website for booking. It is important to make distinction between the three categories as the classification will determine the appropriate accounting treatment of the expenses incurred. This Standard deals with the accounting treatment of Intangible Assets, which are not covered by other accounting standards including the guidance for the main issues related to the recognition & measurement of intangible assets, including relevant disclosure requirements. IAS 38 Intangible asset as documented in theACCA SBR (INT) textbook. of Accounting & Info. BPP is a leading provider of online technical CPD for accounting professionals. ACCA CIMA CAT DipIFR Search. we introduce what is intangible assets and their attributes, recognition criteria and measurement methods. Find out more about the benefits of membership and joining details. The global body for professional accountants, Can't find your location/region listed? Identifiability An intangible asset, whether generated internally or acquired in a business combination, is identifiable when it: is separable; or arises from contractual or other legal rights. This quiz is a sample of our larger question bank. For example, technical, technological or commercial obsolescence and expected actions by competitors. ACCA BT F1 MA F2 FA F3 LW F4 Eng PM F5 TX F6 UK FR F7 AA F8 FM F9 SBL SBR INT SBR UK AFM P4 APM P5 ATX P6 UK AAA P7 INT AAA P7 UK. Obtaining this qualification will raise your professionalism in IFRS to the next level. 1. IAS 38 Intangible assets, Free lecture, ACCA Paper F7. Register today for a CPD subscription. The course covers all topics and is aimed to help students passing their ACCA FR (F7) exam All topics are explained in a structured, phased approach. Students who practice questions generally learn more effectively than those who donât. But is doesnât elaborate and I canât find this mentioned anywhere else the the literature for this subject- and it contrary to what you say on the subject. You are just about to attempt the quiz about the IAS 38 Intangibles. This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes. ... ACCA Approved Learning Partner. ACCA CIMA CAT DipIFR Search. IAS 38 Intangible Assets Definitions An intangible asset is an identifiable non-monetary asset without physical substance. IAS 38 outlines the accounting requirements for intangible assets, which are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). ACCA BT F1 MA F2 FA F3 LW F4 Eng PM F5 TX F6 UK FR F7 AA F8 FM F9 SBL SBR INT SBR UK AFM P4 APM P5 ATX P6 UK AAA P7 INT AAA P7 UK. Acowtancy. ACCA specimen exam paper states that IAS 38 prohibits treating intangibles sold not as part of ordinary business activities as revenue to PorL. L'entità deve applicare tali modifiche prospetticamente a partire dai bilanci degli esercizi che hanno inizio dal 1o gennaio 2016 o da data successiva. IAS 38 identifies certain factors that may affect the useful life and it is important that Lockfine complies with IAS 38 in this regard. This Standard requires an entity to recognise an intangible asset if, and only if, specified criteria are met. 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