International Financial Reporting Standard IFRS Module 7 Intangible Assets IAS 38

Описание: IAS 38 :Intangible Assets governs the accounting treatment for intangible assets that are not dealt with specifically in another IFRS standard. Intangible assets are non-monetary assets without physical substance, identifiable either separately or arising from contractual or legal rights, and from which future economic benefits are expected.
This standard ensures that such assets are recognized, measured, amortized, and disclosed in a reliable, consistent, and transparent manner, helping users of financial statements evaluate an entity’s investment in intangible resources.
7.2 Key Definitions and Characteristics
Intangible Asset :An identifiable non-monetary asset without physical substance.
An asset is identifiable if it is:
Separable (can be sold, transferred, licensed, or exchanged), or


Arising from contractual or legal rights, regardless of transferability.


Examples of Intangible Assets:
Patents.


Copyrights.


Trademarks.


Brand names.


Computer software.


Franchise rights.


Customer lists.


Licenses.


Development costs (under specific conditions)


Notably, goodwill is also intangible but is treated under IFRS 3 :Business Combinations and not IAS 38.