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Chapter 3

Intangible assets

Outcome

By the end of this session you should be able to:

 explain the nature and accounting treatment of internally-generated and
purchased intangibles

 distinguish between goodwill and other intangible assets

 describe the criteria for the initial recognition and measurement of intangible
assets

 explain the subsequent accounting treatment, including the principle of
impairment tests, in relation to goodwill

 explain why the value of the purchase consideration for an investment may be
less than the value of the acquired net assets and how this difference should be
accounted for

 describe and apply the requirements of IAS 38 Intangible Assets to research
and development expenditure

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 3 of your Study Text

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