IAS 38 — Intangible Assets
Modules of the standard
- Concepts47 publishedNormative and pedagogical mapping.
- Questions481 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers7 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)18 publishedLesson explanations, chapter by chapter.
Practical cases
- Acquisition of a management software licenceL1Beginner
- Internal development of planning softwareL2Intermediate
- Brands and customer lists: created or acquiredL3Advanced
- Broadcasting licences: finite or indefinite useful lifeL3Advanced
- Transferable fishing quotas revalued, then soldL4Expert
- Professional file: year-end close of the intangible assets of a software publisherL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective and scope
- Objective of the standardImportant8 questions
- General scopeCore14 questions
- Scope exclusionsImportant8 questions
Definitions and characteristics of an intangible asset
- Definition of an intangible assetCore12 questions
- Identifiability: separable or contractual/legal rightsCore12 questions
- Control of the resourceCore13 questions
- Future economic benefitsImportant8 questions
- Research, development, amortisation and other defined termsImportant8 questions
Recognition and initial measurement
- Recognition criteriaCore14 questions
- Subsequent expenditureImportant8 questions
- Initial measurement at costCore12 questions
Separate acquisition
- Cost of a separately acquired intangible assetCore12 questions
- Costs excluded and cessation of capitalisationCore12 questions
- Deferred payment beyond normal credit termsAdvanced6 questions
Business combination, government grant and exchange
- Acquisition as part of a business combinationImportant8 questions
- Subsequent expenditure on acquired in-process R&DAdvanced6 questions
- Acquisition by way of a government grantAdvanced6 questions
- Exchanges of assetsAdvanced8 questions
Internally generated goodwill and intangible assets
- Internally generated goodwillCore13 questions
- Research phase and development phaseCore14 questions
- Research expenditureCore12 questions
- Development phase: recognition criteriaCore12 questions
- Internally generated brands, mastheads, titles and customer listsCore12 questions
- Cost of an internally generated intangible assetCore12 questions
Recognition of an expense
- Expenditure recognised as an expenseCore15 questions
- Past expenses not recognised as an assetImportant8 questions
Measurement after recognition: cost and revaluation models
- Choice of cost or revaluation modelCore12 questions
- Cost modelCore12 questions
- Revaluation model and active market requirementAdvanced10 questions
- Revaluation increaseAdvanced6 questions
- Revaluation decreaseAdvanced6 questions
Useful life
- Assessment of useful life: finite or indefiniteCore13 questions
- Useful life of contractual or legal rights and renewalsImportant10 questions
Intangible assets with finite useful lives
- Start of amortisation: available for useCore12 questions
- Amortisation method and chargeCore13 questions
- Revenue-based amortisation: rebuttable presumptionAdvanced6 questions
- Residual valueImportant11 questions
- Annual review of amortisation period and methodImportant8 questions
Indefinite useful lives and impairment
- Indefinite useful life: no amortisation, annual testingCore12 questions
- Impairment losses: linkage to IAS 36Core12 questions
Retirements and disposals
- Derecognition triggersImportant8 questions
- Gain or loss on derecognitionCore14 questions
- Amortisation of unused assetsImportant8 questions
Disclosure
- Information by class of intangible assetsImportant10 questions
- Reconciliation of carrying amountImportant8 questions
- Disclosure of indefinite-life assetsImportant8 questions
- Research and development expenditure recognised as an expenseImportant9 questions