We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept
Loading
Form preview
  • US Legal Forms
  • Form Library
  • More Forms
  • More Uncategorized Forms
  • Ias 38 Intangible Assets Ppt

Get Ias 38 Intangible Assets Ppt

Ngible assets with finite useful lives 7. Intangible assets with indefinite useful lives 8. Impairment 9. Retirements and disposals Definition of Intangible Assets An intangible asset is an identifiable non-monetary asset without Identifiability physical substance. An asset is a resource: a) controlled by an entity as a result of past Control events; and b) from which future economic benefits are expected to flow to the entity. Future economic benefit Monetary assets are money held a.

How it works

  1. Open form

    Open form follow the instructions

  2. Easily sign form

    Easily sign the form with your finger

  3. Share form

    Send filled & signed form or save

How to fill out the Ias 38 Intangible Assets Ppt online

This guide provides clear, step-by-step instructions on how to effectively fill out the Ias 38 Intangible Assets Ppt online. With a focus on usability and clarity, it is designed to support users of all backgrounds.

Follow the steps to successfully complete the Ias 38 Intangible Assets Ppt online.

  1. Click ‘Get Form’ button to access the form and open it in your preferred document editor.
  2. Begin by entering your organization’s name in the designated field to identify the entity responsible for the intangible assets. Ensure the name matches official records.
  3. Provide a detailed description of each intangible asset held by the entity. This includes specifying the nature of the asset and how it meets the definition as per IAS 38.
  4. Indicate the recognition of each asset by assessing whether future economic benefits are expected to flow. Verify that the costs can be measured reliably.
  5. For each asset, determine its useful life and indicate whether it has a finite or indefinite useful life according to your assessment.
  6. Include cost information for each asset that reflects acquisition prices and any directly attributable costs related to preparing the asset for use.
  7. Document any relevant impairments as required by IAS 36 and ensure to include any adjustments in value that have occurred since the last assessment.
  8. Review all entries thoroughly for accuracy and ensure compliance with the applicable standards before proceeding.
  9. Once completed, you can save your changes, download the document, print it, or share it as necessary.

Start filling out your Ias 38 Intangible Assets Ppt online today for better document management.

Get form

Experience a faster way to fill out and sign forms on the web. Access the most extensive library of templates available.
Get form

Related content

Staff Paper: An Analysis of IFRS in Practice...
Nov 16, 2011 — presentation of financial statements for external users. ... IFRS defines...
Learn more
Financial Accounting and Accounting Standards...
Identify the basic issues related to reporting intangible assets. ... assets; Types of...
Learn more
Income statement - Wikipedia
Requirements of IFRS[edit]. On 6 September 2007, the International Accounting Standards...
Learn more

Related links form

Commission Letter #430-12 ADOPT-A-ROAD PERMIT Commission Letter # 170-09 W-1065

Questions & Answers

Get answers to your most pressing questions about US Legal Forms API.

Contact support

Development phase Under IAS 38, an intangible asset arising from development must be capitalised if an entity can demonstrate all of the following criteria: the technical feasibility of completing the intangible asset (so that it will be available for use or sale) intention to complete and use or sell the asset.

The main types of intangible assets are goodwill, brand equity, Intellectual properties (Trade Secrets, Patents, Trademark and Copyrights), licensing, Customer lists, and R&D. Usually, the values of intangible assets are not recorded in the balance sheet.

If an intangible asset has a finite useful life, then amortize it over that useful life. The amount to be amortized is its recorded cost, less any residual value. However, intangible assets are usually not considered to have any residual value, so the full amount of the asset is typically amortized.

When intangible assets do have an identifiable value and lifespan, they appear on a company's balance sheet as long-term assets valued ing to their purchase prices and amortization schedules.

Intangible assets only appear on the balance sheet if they have been acquired. If Company ABC purchases a patent from Company XYZ for an agreed-upon amount of $1 billion, then Company ABC would record a transaction for $1 billion in intangible assets that would appear under long-term assets.

IAS 38 sets out the criteria for recognising and measuring intangible assets and requires disclosures about them. An intangible asset is an identifiable non-monetary asset without physical substance. Such an asset is identifiable when it is separable, or when it arises from contractual or other legal rights.

For reporting purposes, intangible assets are grouped together with similar other in- tangible assets. Some examples of these classes are patents, copyrights, computer software, or industrial designs. Most of the disclosures will be in the notes to the financial statements.

Get This Form Now!

Use professional pre-built templates to fill in and sign documents online faster. Get access to thousands of forms.
Get form
If you believe that this page should be taken down, please follow our DMCA take down processhere.

Industry-leading security and compliance

US Legal Forms protects your data by complying with industry-specific security standards.
  • In businnes since 1997
    25+ years providing professional legal documents.
  • Accredited business
    Guarantees that a business meets BBB accreditation standards in the US and Canada.
  • Secured by Braintree
    Validated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.
Get Ias 38 Intangible Assets Ppt
Get form
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232