IAS38 BV2009 - IAS 38 International Accounting Standard 38...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
IAS 38 International Accounting Standard 38 Intangible Assets This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 38 Intangible Assets was issued by the International Accounting Standards Committee in September 1998. It replaced IAS 9 Research and Development Costs (issued 1993, replacing an earlier version issued in July 1978). Limited amendments were made in 1998. In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. IAS 38 was subsequently amended by the following IFRSs: IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003) IAS 16 Property, Plant and Equipment (as revised in December 2003) IAS 21 The Effects of Changes in Foreign Exchange Rates (as revised in December 2003) IFRS 2 Share-based Payment (issued February 2004) IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (issued March 2004). In March 2004 the IASB issued a revised IAS 38, which was also amended by IFRS 5. Since then, IAS 38 and its accompanying documents have been amended by the following IFRSs: IFRS 6 Exploration for and Evaluation of Mineral Resources (issued December 2004) IAS 23 Borrowing Costs (as revised in March 2007) 1 IAS 1 Presentation of Financial Statements (as revised in September 2007) 2 IFRS 3 Business Combinations (as revised in January 2008) 3 Improvements to IFRSs (issued May 2008). 4 The following Interpretations refer to IAS 38, as revised in 2004: SIC-29 Service Concession Arrangements: Disclosures (issued December 2001) SIC-32 Intangible Assets—Web Site Costs (issued March 2002 and subsequently amended) IFRIC 4 Determining whether an Arrangement contains a Lease (issued December 2004) IFRIC 12 Service Concession Arrangements (issued November 2006 and subsequently amended). 1 effective date 1 January 2009 2 effective date 1 January 2009 3 effective date 1 July 2009 4 effective date 1 January 2009 © IASCF 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
IAS 38 C ONTENTS paragraphs INTRODUCTION IN1–IN13 INTERNATIONAL ACCOUNTING STANDARD 38 INTANGIBLE ASSETS OBJECTIVE 1 SCOPE 2–7 DEFINITIONS 8–17 Intangible assets 9–17 Identifiability 11–12 Control 13–16 Future economic benefits 17 RECOGNITION AND MEASUREMENT 18–67 Separate acquisition 25–32 Acquisition as part of a business combination 33–43 Measuring the fair value of an intangible asset acquired in a business combination 35–41 Subsequent expenditure on an acquired in-process research and development project 42–43 Acquisition by way of a government grant 44 Exchanges of assets 45–47 Internally generated goodwill 48–50 Internally generated intangible assets 51–67 Research phase 54–56 Development phase 57–64 Cost of an internally generated intangible asset 65–67 RECOGNITION OF AN EXPENSE 68–71
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/22/2012 for the course ACCOUNTING 402 taught by Professor Sanaabadry during the Spring '12 term at DISD.

Page1 / 51

IAS38 BV2009 - IAS 38 International Accounting Standard 38...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online