publication . Article . 2015

Accounting treatment of intangible assets

Gorgieva-Trajkovska, Olivera; Koleva, Blagica; Georgieva Svrtinov, Vesna;
Open Access
  • Published: 01 Dec 2015
  • Country: Former Yugoslav Republic of Macedonia
The accounting for fixed assets is, in many cases, a straightforward exercise, but it isn’t always so when it comes to the issue of intangible fixed assets and recognizing such assets on the balance sheet. IAS 38, In¬tan¬gi¬ble Assets, outlines the accounting re¬quire¬ments for in¬tan¬gi¬ble assets, which are non-mon¬e¬tary assets which are without physical substance and iden¬ti¬fi¬able (either being separable or arising from con¬trac¬tual or other legal rights). In¬tan¬gi¬ble assets meeting the relevant recog¬ni¬tion criteria are initially measured at cost, sub¬se¬quently measured at cost or using the reval¬u¬a¬tion model, and amortized on a sys¬tem¬atic basis ...
free text keywords: Economics and business
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