Objective of the standard

Learning objectives

• Explain the objective of IAS 38: the accounting treatment for intangible assets that are not dealt with specifically in another Standard (recognition, measurement, disclosures).L1

Normative references

• IAS 38 §1Objective: to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Standard; recognition criteria, measurement of the carrying amount and disclosures.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

8 questions

• True or false? The objective of IAS 38 is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another standard.L1
• True or false? IAS 38 sets out to govern all intangible assets without exception, including those whose accounting treatment is already set specifically by another standard.L1
• True or false? The objective of IAS 38 is limited to the disclosures in the notes; the recognition and measurement of intangible assets are left to the entity's free choice.L1
• True or false? In line with its objective, IAS 38 makes the recognition of an intangible asset subject to specified conditions being met.L1
• Which of the following topics is not part of the objective of IAS 38?L1
• Which wording best summarises the objective of IAS 38?L1
• Arvelle holds an intangible item whose accounting treatment is prescribed specifically by a standard other than IAS 38. How does it proceed?L1
• According to its objective, what amount does the measurement requirement of IAS 38 relate to?L1