IAS 38 Intangible assets

ACCA会计准则最全面之IAS38继续加油！Identifiable non-monetary asset without physical substance(separately and legal rights)

IAS 38 Intangible assets

• Recognition
  • 1.Definition: Identifiable non-monetary asset without physical substance(separately and legal rights)
  • 2.Controlled resources
  • 3.Probable future economic benefits
  • 4.Measured reliably
• Types
  • 外部购得 External purchase
    • *copyright ,patent *Trademark,brandname *Licence,quota(配额） *Goodwill(收购子公司）
      • Capitalised as assets in SOFP(NCA)
  • 内部产生 Internal develop
    • *Brandname,staff skill *customer list,relationship *design,advertising *Internal goodwill
      • Expensed in SPL (除内部研发以外）
• 内部研发
  • 研究 Research
    • Initial investigation of knowledge,chance of success is low.
      • Expensed in SPL Charged to SPL Debit to SPL
  • 开发 Development（prototype)
    • Application of research finding for production of products or others ,chance of success is high.
      • Conditions :("Pirate") 1.Probable future economic benefits 2.Intention to complete 3.Resources adequate(人、物、财） 4.Ablity to use or sell it 5.Technical feasibility 6.Expenditure measured reliably
        • Yes:Capitalised as asset in SOFP
• Initial measurement
  • 1.外部购得 ：cost= cost of purchase + directly attributable cost
  • 2.内部开发：cost = sum total of capital expenditure
• Amortisation
  • 实质:allocate cost over its expected useful life
    • Finite life: Amortisation method should reflect the expected pattern of consumption of benefits: Amortisation=cost/useful life
      • 1.Dr.Amortisation(Expense) X Cr.Accum amortisation X
      • 2.Amortisation starts when there is benifit
      • 3.Review useful life at each year
    • Infinite life 1.No amortisation 2.Review useful life at year end 3.Annual impairment test减值测试(IAS36)
• (1)Subsequent measurement
  • --cost model(NBV即carrying amount) --Revaluation model
• (2)Disposal
  • --SPL --SOFP 同PPE