IAS 38 - Revision history

Doug: Add links.

2023-10-11T11:16:48Z

Add links.

2023-10-11T10:55:22Z

Add link.

2023-04-17T16:13:38Z

Add link.

← Older revision		Revision as of 16:13, 17 April 2023
Line 42:		Line 42:


	== ~~External link~~ ==		== Other resources ==
	*[https://www.iasplus.com/en/standards/ias/ias38 IAS 38 - IAS Plus]		*[https://www.iasplus.com/en/standards/ias/ias38 IAS 38 - IAS Plus]
			*[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/ias-38-intangible-assets.pdf IAS 38 text - IFRS]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]

2023-01-23T13:24:00Z

Expand definition.

← Older revision		Revision as of 13:24, 23 January 2023
Line 23:		Line 23:

	Certain defined types of costs - including training costs - must always be charged to expense when they are incurred.		Certain defined types of costs - including training costs - must always be charged to expense when they are incurred.


			The treatment under IFRS results in a greater proportion of costs being capitalised, compared with US GAAP - under which most research and development costs are expensed, with limited exceptions including certain software expenditure.



Line 32:		Line 36:
	* [[IAS 16]]		* [[IAS 16]]
	* [[Intangible assets]]		* [[Intangible assets]]
	* [[International Financial Reporting Standards]]		* [[International Financial Reporting Standards]] (IFRS)
	* [[Recognition]]		* [[Recognition]]
	* [[Research & development]]		* [[Research & development]]
			* [[US GAAP]]

2022-11-08T20:46:42Z

Expand definition - source - IAS 38 summary - https://www.iasplus.com/en/standards/ias/ias38

← Older revision		Revision as of 20:46, 8 November 2022
Line 20:		Line 20:

	If any of these criteria is '''not''' met, then the expenditure is a cost, and not an asset.		If any of these criteria is '''not''' met, then the expenditure is a cost, and not an asset.


			Certain defined types of costs - including training costs - must always be charged to expense when they are incurred.

2022-10-22T20:45:48Z

Layout.

← Older revision		Revision as of 20:45, 22 October 2022
Line 2:		Line 2:

	Issued by the International Accounting Standards Board.		Issued by the International Accounting Standards Board.


	IAS 38 requires an entity to recognise an intangible asset, whether purchased or self-created (at cost) if, and only if:		IAS 38 requires an entity to recognise an intangible asset, whether purchased or self-created (at cost) if, and only if:

2022-03-22T13:55:31Z

Expand definition.

← Older revision		Revision as of 13:55, 22 March 2022
Line 9:		Line 9:


	The criteria for recognising internal development costs as assets under IAS 38 include all of:		The criteria for recognising internal development costs as (self-created) assets under IAS 38 include all of:

	#The technical '''feasibility''' of completing the intangible asset (so that it will be available for use or sale); and		#The technical '''feasibility''' of completing the intangible asset (so that it will be available for use or sale); and

2022-03-21T08:00:04Z

Add link.

2022-03-21T07:43:12Z

Expand definition. Source - IAS 38 - IAS Plus - https://www.iasplus.com/en/standards/ias/ias38

← Older revision		Revision as of 07:43, 21 March 2022
Line 3:		Line 3:
	Issued by the International Accounting Standards Board.		Issued by the International Accounting Standards Board.

			IAS 38 requires an entity to recognise an intangible asset, whether purchased or self-created (at cost) if, and only if:

	The criteria for recognising ~~an asset~~ under IAS 38 include all of:		*It is probable that the future economic benefits that are attributable to the asset will flow to the entity; and
			*The cost of the asset can be measured reliably.


			The criteria for recognising internal development costs as assets under IAS 38 include all of:

	#The technical '''feasibility''' of completing the intangible asset (so that it will be available for use or sale); and		#The technical '''feasibility''' of completing the intangible asset (so that it will be available for use or sale); and

2022-03-03T15:30:27Z

Add link to IAS Plus

← Older revision		Revision as of 15:30, 3 March 2022
Line 25:		Line 25:
	* [[Recognition]]		* [[Recognition]]
	* [[Research & development]]		* [[Research & development]]


			== External link ==
			*[https://www.iasplus.com/en/standards/ias/ias38 IAS 38 - IAS Plus]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Compliance_and_audit]]		[[Category:Compliance_and_audit]]