PPT-Intangible

Assets IAS 38 2015 1 Two Main Characteristics Characteristics Lack of physical existence They are not financial instruments Normally classified as longterm asset Common types of intangibles. Tangible: . something you can touch . (dog, paper, pencil, desk, etc.). Intangible: . something that cannot be touched; not a physical thing . (love, freedom, justice, etc.). Tangible vs. Intangible. What are intangible assets? Intangible assets are assets that do not have a physical or financial embodiment. Termed ‘intellectual assets’ in previous OECDwork, intangible assets have also Harmon. University of California, Santa Barbara. Westmont College. INTERMEDIATE ACCOUNTING: IFRS EDITION, 2/E. Chapter 12. PREVIEW OF CHAPTER. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. Chapter 12 . Intangibles. © 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.. Where’s the Value?. Presented at the 3. rd. World KLEMS Conference at Tokyo on May 19. th. Tsutomu . Miyagawa. (. Gakushuin. University and RIETI). Konomi. . Tonogi. (Kanagawa University). Shoichi. . Hisa. (Kanagawa University). Intangible assets. Damania & Varaiya. 1. Intangible Assets Definition. An intangible asset is . An identifiable. Non monetary asset. Without physical substance. Damania & Varaiya. 2. Identifiability. (1)Meaning. : . Intangilbe. assets means . assets. , . without physical substance. , which are under control of entity held for . use,production. of goods, rendering of services and having future economic benefits..  . Wanncherng. . Wang. Professor of Accounting. Department of Business Administration. College of Management. National Sun . Yat-Sen. University. No. 70, . Lienhai. Rd., Kaohsiung 80424 Taiwan, R.O.C.. At the end of this lesson, you should be able to:. Identify the current practice for accounting for intangible assets;. Apply the relevant accounting standard on intangible assets; . and. Appraise the principal issues in accounting for intangible assets.. . VIBHA . (5159). . . MEENAKSHI (5187). MANPREET(5191) . CLASS:- . B.COM 3. RD. YEAR(HONS.). SEMESTER:- . 6. SESSION:- . 2016-2017. INTRODUCTION. , and . amortization of intangible . assets.. 2. Describe . the accounting for . various types . of intangible . assets.. 3. Explain . the accounting issues for recording goodwill.. LEARNING OBJECTIVES. 1 FEHE SORP Guidance Note 201 5 Background 1. The FEHE SORP Board (see Annex 1 for membership details) is a recognised body by the Financial Reporting Co uncil (FRC) Codes and Standards Committee as t ACTIVOS INTANGIBLES . ACTIVOS INTANGIBLES. OBJETIVO:. ESTA NORMA TIENE COMO OBJETIVO ESTABLECER LAS NORMAS DE VALUACIÓN, PRESENTACIÓN Y REVELACIÓN PARA EL RECONOCIMIENTO INICIAL Y POSTERIOR DE LOS ACTIVOS INTANGIBLES. . ultures, Ethiopia is very happy to host . the . 11th . session of the Intergovernmental Committee for . the Safeguarding . of the Intangible . Cultural Heritage. 2013: . Inscription of the Commemoration feast of the finding of the True Holy Cross of Christ in the Representative List of the Intangible Cultural Heritage of Humanity .