History of ias 38 february 1977 exposure draft e9, accounting for reearch and development costs july 1978 ias 9 (1978), accounting for research and development costs 1 january 1980 effective date of ias 9 (1978) august 1991 exposure draft e37, research and development activities. Bc8 in revising ias 38 and developing ifrs 3, the board affirmed the view in the previous version of ias 38 that identifiability is the characteristic that conceptually distinguishes other intangible assets from goodwill. Ias 38: intangible assets the accounting standard ias 38 sets out accounting treatment and disclosures to be applied to the recognition and measurement of intangible assets find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments. The impact of ias/ifrs on accounting practices: evidences from italian listed companies michela cordazzo _____ abstract: the european commission has required the adoption of ias/ifrs in order to harmonize financial reporting standards for european listed companies as of 1 january 2005. Standards: ias 38 intangible assets history of ias 38 february 1977 exposure draft e9, accounting for research and development costs july 1978 ias 9 (1978), accounting for research and development costs 1 january 1980 effective date of ias 9 (1978) august 1991 exposure draft e37, research and development activities december 1993 ias 9 (1993.
Nb : world history is a topic only for ias mains for mains topics like ancient india and medieval india are not explicitly mentioned in the syllabus, but culture is included (which covers many aspects of ancient and medieval periods. An intangible asset is an asset that lacks physical substance (unlike physical assets such as machinery and buildings) and usually is very hard to evaluate it includes patents , copyrights , franchises , goodwill , trademarks , and trade names , and the general interpretation also includes software and other intangible computer based assets. 2 | ias 38 intangible assets this fact sheet is based on existing requirements as at 31 december 2015 and does not take into account recent standards and interpretations that have been issued but are not yet effective. This chapter focuses on the purpose of international accounting standard 38 (ias 38), which is to prescribe the recognition and measurement criteria for intangible assets that are not covered by other standards.
Introductory lecture for modern history series with fantastic fundas 38 gk guru 518,949 views ancient history of india: relevance for ias examination,. International accounting standards (ias) were the first international accounting standards that were issued by the international accounting standards committee (iasc), formed in 1973. Ias 38 intangible assets sets out the recognition criteria, measurement bases and disclosure requirements for intangible assets not dealt with specifically in another standard revised march 2004 effective 31 march 2004. History is a major part of general studies paper 1 in civil services exam prelims this paper will include questions from indian culture, history of india and indian national movement. Reasons for revising ias 38 in2 the international accounting standards board developed this revised ias 38 as part of its project on business combinations and seek international convergence on and should be applied: (a) on acquisition to the accounting for intangible assets acquired in business combinations for which the agreement date is on.
Recent history of our standards' frameworks nz ias 38 intangible assets for-profit prescribes the accounting treatment for intangible assets that are not dealt with specifically in another standard nz ias 38 – this version is effective for reporting periods beginning on or after 1 jan 2019 (early adoption permitted). Intangible assets – ias 38 road map on ias 38 1 definition of intangible asset 2 recognition and measurement 3 recognition of expense 4 measurement after recognition 5. The latest tweets from ias (@the_ias) the institute for advanced study is one of the world’s leading centers for theoretical research and intellectual inquiry princeton, nj. Indian gaap, ifrs and ind as a comparison | 3 the roadmap for implementation of ind as 4 comparison of indian gaap, ifrs and ind as 5 comparison 6 adopted by the international accounting standards board they comprise the international financial reporting standards, international accounting standards, and interpretations issued by the ifrs.
Technical summary of ias 38 intangible assets objective: but there is no history or evidence of exchange transactions for the same or similar assets, and otherwise estimating fair value would be dependent on immeasurable variables internally generated intangible assets. View purchase history, online courses, webcasts and publications knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment credit for individual courses purchased can be applied to the full program recognition and measurement of intangible assets under ias 38,. (ias 16) and ias 38 intangible assets (ias 38), any impairment impairment accounting — the basics of ias 36 impairment of assets 4 when measuring viu, the entity’s cash flow projections: history of management consistently overstating or understating cash flow forecasts the results of past variances should be.
Like the choice for subsequent measurement for property, plant, and equipment under ias 16, enterprises following ias 38 can choose to revalue certain intangible assets: ias 38 provides two methods for subsequent measurement of an intangible asset. Ias 3852–674055, in addition to the general requirements described in ias 382119 for recognition and initial measurement of an intangible asset, apply to expenditure incurred on the development of an entity’s own web site. A practical guide to amended ias 40 august 2009 asset management accounting for investment properties under construction ifrs technical publications ias 39 – derecognition of financial assets in practice explains the requirements of ias 39, providing answers to frequently asked questions and detailed.