Ias 38 intangible assets - Study guides, Study notes & Summaries

How is revenue treated that is receivable 2 years after the goods are delivered? The amount of revenue initially recognised is the amount receivable discounted to present value. Interst is then applied to the receivable as interest income over 2 years IFRS 9 requires investments in equity instruments to be measured and accounted for ( in the absence of any election at initial recognition)? Fair value with changes going through profit or loss What are acceptable methods of accounting for a g...

CISA Domain 2 Exam 183 Questions with Verified Answers IT management - CORRECT ANSWER the process of managing activities related to information technology operations and resources, which helps ensure that IT continues to support the defined enterprise objectives IT resource management - CORRECT ANSWER the process of pre-planning, scheduling and allocating the limited IT resources to maximize efficiency in achieving the enterprise objectives - When an organization invests its resources in...

This is a summary of intangible assets (IAS 38) as it is taught in FRK300. The requirements for this section is to be able to identify, measure and properly disclose intangible assets in accordance with IAS 38. This document summarizes the measurement as well as gives an example of required disclosure. Supplement this summary with doing question bank questions and you will have mastered this section before the exam!

Chapter 03 International Convergence of Financial Reporting Multiple Choice Questions 1. According to Sir Bryan Carsberg, former IASC Secretary-General, what is the most significant cost of accounting diversity? A) The time expended by accountants to create multiple sets of financial statements conforming to different national standards B) The cost of the IASB to regulate compliance with many national accounting standards C) The reduction in effectiveness of the international m...

True The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity's investment in its property, plant and equipment and the changes in such investment. The principal issues in accounting for property, plant and equipment are the recognition of the assets, the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in ...

CISA Domain 2 Exam 183 Questions with Verified Answers IT management - CORRECT ANSWER the process of managing activities related to information technology operations and resources, which helps ensure that IT continues to support the defined enterprise objectives IT resource management - CORRECT ANSWER the process of pre-planning, scheduling and allocating the limited IT resources to maximize efficiency in achieving the enterprise objectives - When an organization invests its resources in...

All asset notes in one place: IAS 2 - Inventories IAS 16 - PPE IAS 36 - Impairment of assets IAS 38 - Intangible assets IAS 40 - Investment Property Summarised information with additional examples and explanations as well was class questions and answers

Important introductory notes for intangible assets in financial accounting, setting a well rounded foundation for understanding the topic with worked example questions.

Notes of a Third year student studying Bachelors of Accounting at the University of the Free State. With this notes that i have compiled, i was able to proudly say that i received a distinction in Financial Accounting by using this notes. If you are struggling with Financial Accounting use this notes, and you could also get you distinction. This notes include notes about *IAS 38 - Intangible Assets*.

FAC3702/501/3/2021 Tutorial letter 501/3/2021 Distinctive Financial Reporting FAC3702 Semesters 1 & 2 Department of Financial Accounting FAC3702/501/3/2021 2 CONTENTS INTRODUCTION iv LECTURERS AND CONTACT DETAILS iv LEARNING UNIT 1 – PROPERTY, PLANT AND EQUIPMENT 2 LEARNING UNIT 2 – INVESTME...