Page 6 - Finac1 Test 3 slides - 2. Intangible Assets
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TEST 3 PREPARATION
Outcomes
• Identify the purpose and scope of the IAS 38 Intangible
Assets.
• Apply the definitions.
• Identify intangible assets.
• Apply the criteria to recognise and initially measure
different types of intangible assets. Differentiate between
intangible assets acquired separately, acquired as part of a
business combination, by way of a government grant or
exchanged. In addition you should be able to account for
goodwill generated internally or other internally generated
intangible assets.
• Recognise expenses incurred either as an expense or as part
of the cost of intangible assets.
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