IAS 38, Intangible Assets Table of Contents Table of Contents 2 a. Internally Generated Brands Meeting the Definition and Recognition Criteria As Outlined In IAS 38 3 b. The Advantages and Disadvantages of Capitalising Internally Generated Brands 4 c. Impact upon Capitalisation of Brands ACCA F7 IAS 38 Intangible assets. 26 Comments. Dear mike, I am surprised that there is no lecture for "Earnings Per Share" IAS 33 even though there are questions in the course note. IAS 38: Intangible Assets outlines the accounting requirements for intangible assets. Intangible assets are non-monetary assets which are without any physical substance and identifiable. The IAS 38 standard shall be applied in accounting for tangible assets, except in the following situations. Accounting Standard 38 'Intangible Assets' (IAS 38) that prohibit the recognition of many internally generated intangible assets (IAS 38.51-53). These restrictions do not apply to business combination accounting - in effect, all resources of the acquired business are regarded as externally purchased. The purpose of IAS 38, Intangible Asset is to prescribe the recognition and measurement criteria for intangible assets that are not covered by other Standards. The Standard is to be applied in accounting for all intangible assets EXCEPT: Those that are within the scope of another Standard An intangible asset is an asset that lacks physical substance; in contrast to physical assets, such as machinery and buildings, and financial assets such as government securities. An intangible asset is usually very hard to evaluate. IAS 38 - Intangible Assets defines intangible assets as "non-monetary assets without physical substance and identifiable." Which of the following measurement models is not permitted for the subsequent measurement of intangible assets under IAS 38? Accounting standard aasb 138 intangible assets. OBJECTIVE SCOPE DEFINITIONS Intangible assets. AASB 138 Intangible Assets as amended incorporates IAS 38 Intangible Assets as issued and amended by the International Accounting Standards Board (IASB). check. IAS 38 - Intangible Assets. 8 Steps. ondemand_video. Notes - Recognising Internally Generated Intangibles. Notes - Measurement after Recognition. About IAS 38. IAS 38 Intangible Assets - What has Coldplay to with intangible assets? Gunnar Rimmel Associate professor Head of Financial Accounting and Reporting Group School of Business, Economics and Law University of Gothenburg Fall 2009 Special lecture on International Financial Accounting at Karlstad Start studying IAS 38 - Intangible Assets. Learn vocabulary, terms and more with flashcards, games and other study tools. Some intangible assets may be incorporated into a tangible item such as a license incorporated into a legal document. If the tangible component forms an integral part and the