Intangible Assets, Sample of Essays.

One area in particular is with accounting for intangible assets. In the business sector, assets are important economic resources and are classified as either tangible or intangible. Tangible assets are easily seen as physical objects that include items such as buildings, machinery, vehicles, and fixtures.

The Importance of Intangible Assets Essay - 4499 Words.

Intangible Assets Essay Sample IAS 38 was revised in March 2004 and applies to intangible assets acquired in business combinations occurring on or after 31 March 2004, or otherwise to other intangible assets for annual periods beginning on or after 31 March 2004. History of IAS 38.Business assets are of different forms. This includes tangible and intangible assets. Those which do not have physical form are known as intangible assets, while those with physical form are tangible assets. Tangible assets do have physical characteristic such that they can be touched or seen.The standard on impairment of assets (IAS 36) pertains to both tangible and intangible long-lived assets. This chapter will consider the implications of this standard for the accounting for intangible assets.


The useful life of an intangible asset is defined at paragraph 8 of AASB 138 as the period of time over which the asset is expected to be used by the entity, or the numbers of production or similar units expected to be obtained from the asset by the entity (Financial Accounting, 2011, pg256).Accounting for Intangible Assets. This is a preview of the 10-page document. Read full text. An immaterial stake is an identifiable non-fiscal possession without physical substance. A stake is an asset that is regulated by the element therefore of past occasions, for instance, buy or self-creation) and from which future investment profits.

Essay On Intangible Assets

For the benefit of analysis, we start by defining intangible assets as any nonphysical assets that can produce economic benefits. These cover intellectual capital, knowledge assets, human capital and organizational capital as well as more specific attributes like quality of corporate governance and customer loyalty.

Essay On Intangible Assets

An intangible asset is one that does not have a physical form but provides value to the firm nevertheless. Examples of intangible assets include contracts and patents, i. e. assets that cost money to acquire but do not have easily-accessible markets through which to buy and sell them.

Essay On Intangible Assets

Explanation For Intangible And Fixed Assets Accounting Essay By and large, fixed assets are the assets that can non be changed to be hard currency easy.Fixed assets are besides called non-current assets.It is the oppose side of current assets.

Essay On Intangible Assets

IAS 38 outlines the accounting requirements for intangible assets, which are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). Intangible assets meeting the relevant recognition criteria are initially measured at cost, subsequently measured at cost or using the revaluation model, and amortised.

Essay On Intangible Assets

Intangible Assets Practice Essay Discuss and critically appraise the accounting treatments allowed by International Accounting Standards and International Financial Reporting Standards for intangible assets.

Accounting for Intangible Assets Essay - 2750 Words.

Essay On Intangible Assets

Intangible assets as per IAS 38 a) Reasons for development of IAS 38 in current form For analyzing the reasons for the development of IAS 38 in itspresent form, it is important to understand its treatment to intangible assets, both internally and externally generated.IAS 38 treats an intangible asset as an identifiable non-monetary asset without physical substance held for use.

Essay On Intangible Assets

There has been a problem of tendencies by companies to increase the value of their intangible assets in order to portray to the public the idea that the companies are doing well or are financially stable owing to their many costly assets.

Essay On Intangible Assets

That means that the item must be able to demonstrate future economic benefit and the business must have control of that future economic benefit, i.e., own the asset. The key difference with an intangible asset is that unlike property, plant and equipment, it does not have any physical substance. Examples of intangible assets are goodwill, patents, trademarks and copyrights.

Essay On Intangible Assets

Intangible assets can have either identifiable or indefinite useful or legal lives. The nature of an intangible asset will determine what costs are initially capitalized and how expenses related to the intangible asset are subsequently recognized. Key Terms. intangible asset: 1. Assets that are non-current, non-monetary, and non-physical.

Essay On Intangible Assets

Intangible assets in business valuation, with emphasis on real options approach - Selcuk Kocak - Master's Thesis - Business economics - Banking, Stock Exchanges, Insurance, Accounting - Publish your bachelor's or master's thesis, dissertation, term paper or essay.

Accounting for Intangible Assets: Free Essay Example, 2500.

Essay On Intangible Assets

Free Accounting essays. Home. Free essays. Accounting essays. Goodwill, IFRS, GAAP, and IAS Essay.. Goodwill is an intangible asset and represents the difference between the cost of an acquisition and the fair value of its identifiable assets, liabilities and contingent liabilities. A recent analysis by PricewaterhouseCoopers (PWC) estimates.

Essay On Intangible Assets

An intangible asset is any asset that lacks physical substance that is difficult to value. As economies modernize, intangible assets become an increasingly important asset class. In many cases, the value of a firm's intangible assets far outweigh its physical assets. The following are a few common types of intangible assets.

Essay On Intangible Assets

Read Research Paper On Intangible Assets Recognition And Measurement and other exceptional papers on every subject and topic college can throw at you. We can custom-write anything as well!

Essay On Intangible Assets

Difference Between Tangible and Intangible Assets Tangible Assets. The best way to remember tangible assets is to remember the meaning of the word “Tangible” which means something that can be felt with the sense of touch. Assets which have a physical existence and can be touched and felt are called Tangible Assets.

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