Ias 38

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IAS 38 INTANGIBLE ASSETS | |
|HISTORY OF IAS 38 | |February 1977 |Exposure Draft E9, Accounting for Research and Development Activities | |July 1978 |IAS 9 (1978), Accounting for Research and Development Activities | |1 January 1980 |Effective Date of IAS 9 (1978) | |August 1991 |Exposure Draft E37 Research and Development Costs | |December 1993 |IAS 9 (1993) Research and Development Costs | |1 January 1995 |Effective Date of IAS 9 (1993) | |June 1995 |Exposure Draft E50 Intangible Assets | |August 1997 |E50 was modified and re-exposed as Exposure Draft E59 Intangible Assets | |September 1998 |IAS 38 Intangible Assets | |1 July 1999 |Effective Date of IAS 38 (1998) | |31 March 2004 |IAS 38 Revised | | |The summary below reflects the March 2004 revisions. | |1 April 2004 (or |Effective Date of March 2004 revisions to IAS 38 | |date of adoption of | | |IFRS 3 for | | |intangibles acquired| | |in a business | | |combination) | | |RELATED INTERPRETATIONS | |IFRIC 12 Service Concession Arrangements | |IAS 16 supersedes SIC 6 Costs of Modifying Existing Software | |SIC 32 Intangible Assets – Website Costs | |Issues Relating to This Standard that IFRIC Did Not Add to Its Agenda | |AMENDMENTS UNDER CONSIDERATION BY IASB | |Convergence Topics |

|SUMMARY OF IAS 38 | |Objective | | |The objective of IAS 38 is to prescribe the accounting treatment for intangible assets that are not dealt with | | |specifically in another IAS. The Standard requires an enterprise to recognise an intangible asset if, and only if, | | |certain criteria are met. The Standard also specifies how to measure the carrying amount of intangible assets and | | |requires certain disclosures regarding intangible assets. | | |Scope...
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