International GAAP 2013: Generally Accepted Accounting Principles under International Financial Reporting Standards

Chapter 19

Intangible assets

1 Introduction

1.1 Background

1.2 Terms used in IAS 38

2 Objective and scope of IAS 38

2.1 What is an intangible asset?

2.1.1 Identifiability

2.1.2 Control

2.1.3 Future economic benefits

2.2 Whether to record a tangible or intangible asset

3 Recognition and measurement

3.1 Recognition

3.2 Measurement

3.3 Subsequent expenditure

4 Separate acquisition

4.1 Recognition

4.2 Components of cost

4.3 Costs to be expensed

4.4 Income from incidental operations while an asset is being developed

4.5 Measurement of intangible assets acquired for contingent consideration

5 Acquisition as part of a business combination

5.1 Recognition of intangible assets acquired in a business combination

5.1.1 Probable inflow of benefits

5.1.2 Reliability of measurement

5.1.3 Identifiability in relation to an intangible asset acquired in a business combination

5.1.3.A Contractual-legal criterion

5.1.3.B Separability criterion

5.2 Examples of intangible assets acquired in a business combination

5.3 Measuring the fair value of intangible assets acquired in a business combination

5.4 Customer relationship intangible assets acquired in a business combination

5.5 In-process research and development

6 Acquisition by way of government grant

7 Exchanges of assets

7.1 Measurement of assets exchanged

7.2 Commercial substance

8 Internally generated intangible assets

8.1 Internally generated goodwill

8.2 Internally generated intangible assets

8.2.1 Research phase

8.2.2 Development phase

8.2.3 ...