IFRS: Intangible Assets (IAS 38)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

The self-study course addresses requirements of IAS 38, Intangible Assets, including the following:

• Definition of intangible assets
• Assets excluded from the scope of IAS 38
• Initial recognition and measurement of intangible assets
• Research and development costs, including capitalization requirements
• Subsequent measurement and other issues that arise after the initial recognition of the asset
• Disclosure requirements

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Designed For

Who Will Benefit

• Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS

Objectives

Learning Outcomes

• Identify an intangible asset.
• Identify which intangible assets may be recognized on the statement of financial position.
• Distinguish between research and development costs and apply the six criteria for capitalization of development expenditures.
• Determine the appropriate measurement of an intangible asset.
• Recall the rules for subsequent measurement of an intangible asset.
• Recognize the disclosures required by IAS 38.