IAS 38 Intangible Assets
IAS 38 prescribes the accounting treatment for intangible assets that are not dealt with specifically in another Standard.
"On the planet Earth, man had always assumed that he was more intelligent than dolphins because he had achieved so much—the wheel, New York, wars and so on—whilst all the dolphins had ever done was muck about in the water having a good time. But conversely, the dolphins had always believed that they were far more intelligent than man—for precisely the same reasons.”
A long awaited project of the IASB - topic of intangible assets (IAS 38) - takes a look at exceptional cases demonstrating human intelligence.
The first test case explores the implications of (relatively) new cloud computing arrangements - I wrote about the topic here:
https://lnkd.in/ecAmtMWs
Other topics on the radar at the standard setter are:
🔹 Agile software development
🔹 Artificial Intelligence-related data and solutions
🔹 Enterprise Data Resources (data are permitted to be capitalized as intangible assets in China).
You can find the summary of all staff papers here:
https://lnkd.in/e-7u3ezs
⏩ Enjoy IAS 38 Intangible Assets in (a little over) 15 seconds.
