Aasb 138 intangible assets

aasb 138 intangible assets 17ru-004 service concessions: grantor accounting furthermore, for the duration of the arrangement, the active market requirements of aasb 138 for revaluation of intangible assets do not apply at the end of the arrangement. aasb 138 intangible assets 17ru-004 service concessions: grantor accounting furthermore, for the duration of the arrangement, the active market requirements of aasb 138 for revaluation of intangible assets do not apply at the end of the arrangement. aasb 138 intangible assets 17ru-004 service concessions: grantor accounting furthermore, for the duration of the arrangement, the active market requirements of aasb 138 for revaluation of intangible assets do not apply at the end of the arrangement.

17ru-004 service concessions: grantor accounting furthermore, for the duration of the arrangement, the active market requirements of aasb 138 for revaluation of intangible assets do not apply at the end of the arrangement. Australian accounting standard aasb 138 intangible assets (as amended at 9 december 2004) is set out in paragraphs 1 - 128 all the paragraphs have equal authority. Ec staff consolidated version as of 24 march 2010 for information purposes only international accounting standard 38 intangible assets objective. The australian accounting standards board (aasb) issued aasb 16 (eg spectrum licenses) that fall within the scope of aasb 138, intangible assets please contact one of the below at deloitte australia.

Aasb 138 intangible assets is a new standard that is part of the package of international financial reporting standards (ifrs) adopted by reporting entities in australia for annual reporting periods beginning on or after 1 january 2005. Embedded in a finance lease - refer aasb 117, aasb 118 and aasb 138 firstly, write-down related intangible assets and deferred acquisition costs australian accounting standards board (aasb. Paragraph 8 of aasb 138 intangible assets defines an intangible asset as 'an identifiable non-monetary asset o amortisation of patents and licences that are used to generate the intangible asset under paragraph 30 of aasb 138 recognition of costs in the carrying amount of an intangible. Equipment, aasb 138 intangible assets and aasb 136 impairment of assets liabilities initial measurement upon recognition of the service concession asset, a corresponding liability is also recognised, measured at the. A) introduction aasb 138 applies to intangible assets generally and research and development b) research and development aasb 138 states that all expenditure undertaken on the research component of research and development is to be expensed.

Asset valuation standards the australian accounting standards are set by the australian accounting standards board aasb 138 - intangible assets australia and new zealand valuation and property standards australian property institute. Free essay: regulation is a topic that has been debated for many years and will continue to be debated for years to come in the business and finance sector. 1 chapter 9 intangible assets prepared by emma holmes the nature of intangible assets aasb 138 provides the following definition for. Recognition criteria for, intangible assets in aasb 138 intangible assets) and liabilities assumed the cost of the group shall be allocated to the individual identifiable assets and liabilities on the basis of their relative fair values at the date of.

Aasb 138 intangible assets

1 definition and nature of intangible assets: in aasb 138, intangible assets are defined as non monetary assets lack physical substance it has some common forms include goodwill, copyrights, patents and trademarks (deegon. Intangible assets - procedures metadata document number: 95004b topic: 95004 intangible assets these procedures are guided by provisions outlined in aasb 138 intangible assets and the non-current asset policies for the queensland public sector. This is a recording of a lecture presented on the 20th of march 2014 it provides an overview of the accounting for intangible assets pursuant to aasb 138 in.

Financial reporting developments offsetting financial assets and financial liabilities (aasb 2012-3) aasb 13 fair value measurement, aasb 116 property, plant and equipment, aasb 138 intangible assets and aasb 124 related party disclosures effective date: 1 july 2014 affects. Standards on issue previously unrecognised intangible assets except goodwill) plant & equipment or aasb 138 intangible assets service concession liabilities are initially measured at the same amount as the service concession asset and subsequently measured using. Aasb 138 standards/accounting & auditing as amended, taking into account amendments up to aasb 2004-1 amendments to australian accounting standards [f2005b00697] this standard prescribes the accounting treatment for intangible assets that are not dealt with specifically in another standard this. The item satisfies the recognition criteria contained within aasb 138 intangible assets this frd requires expenditure on a non-monetary item without physical substance to be recognised as an intangible asset only if the amount involved meets the capitalisation threshold that is material to.

If an intangible asset does not arise from contractual or other legal rights the australian accounting standards board has issued aasb 138, intangible assets, which incorporates the guidance in ias 38. Compiled aasb standard aasb 138 intangible assets this compiled standard applies to annual periods beginning on or after 1 january 2018 earlier application is. Standard aasb116- property, plant and equipment and aasb138- intangible assets 2 computer software aasb ref 116, 138, uig interpretation 132 policy owner 138, uig interpretation 132 policy owner. Research project on intangible assets and goodwill the project is considering the broad range of intangible assets aasb 138 covers, including: customer lists customer contracts non-contractual customer relationships.

Aasb 138 intangible assets
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