NettetInternational Public Sector Accounting Standard 31, Intangible Assets, is set out in paragraphs 1–133. All the paragraphs have equal authority. IPSAS 31 should be read in the context of its objective, the Basis for Conclusions, and the Preface to International Public Sector Accounting Standards. NettetThis standard doesn’t apply to the following: a) Intangible assets held by an enterprise for sale in the ordinary course of business (AS 2 and AS 7) b) Deferred tax assets (AS 22) c) Leases as per AS 19 d) Goodwill arising from amalgamation (AS 14) and on consolidation (AS 21) e) Financial assets f) Intangible assets arising out of insurance …

Cryptio launches Impairments module for GAAP accounting

NettetThis standard doesn’t apply to the following: a) Intangible assets held by an enterprise for sale in the ordinary course of business (AS 2 and AS 7) b) Deferred tax assets (AS … NettetThis Standard shall be applied in accounting for property, plant and equipment except when another Standard requires or permits a different accounting treatment. This Standard does not apply to: (a) property, plant and equipment classified as held for sale in accordance with IFRS 5 . Non-current Assets Held for Sale and Discontinued … how to diversify a portfolio

AS 26 – Intangible Assets - TaxGuru

NettetIntangible assets can be both current and non-current depending on their useful life. However, the classification of intangible assets as either current or non-current is … Nettetstandard. Meet the 6 criteria listed above for the recognition of development costs as an asset. Beyond the ‘go-live’ date Conclusion 7 Accounting for intangible assets, … NettetAn intangible asset is an identifiable non-monetary asset without physical substance. Such an asset is identifiable when it is separable, or when it arises from contractual or … how to diversify donor base