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The Definition of Intangible Assets As Per IAS 38

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Before starting this self study program, please go through the instructional document.


  • Identifiability of Intangible Assets
    3 mins
  • Examples of Intangible assets
    11 mins
  • Skilled staff
    25 mins
  • Customer loyalty
    37 mins
  • Goodwill
    62 mins

Course Description

Under standard ASC Topic 350 & IAS 38, intangible assets are defined as nonmonetary assets without a physical substance. As there is no physical existence for this kind of asset, the criteria to differentiate between the intangible assets and other expenses or goodwill is the most critical topic under both standards. 

This webinar will focus on the criteria set by IAS 38, from paragraph 8 to paragraph 17. It simplifies the IAS 38 concepts by discussing practical cases that accountants commonly experience in day-to-day work. It helps the audience easily differentiate between intangible assets and other expenses or other kinds of assets by analyzing the two conditions of intangible assets.

Key topics:

  • Differentiate between intangible and tangible assets
  • Accounting for goodwill
  • Discuss AS 38, Intangible assets, International Accounting Standards, copyright, patents, customer loyalty, franchises, computer software, skilled staff, Motion picture films, customer lists, mortgage services rights, fishing licenses, import quotas, customer or supplier relationships, market share, and marketing rights.

Learning Objectives

  • To explore the differences between the intangible assets and the other kinds of assets and expenses.
  • To identify the conditions that must be met to recognize the economic resource as an intangible asset.
  • To discover how to analyze the conditions to test the existence of the intangible asset.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA