IAS 38

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October 25, 2019 at 5:14 am #550733
rishabbohra98
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According to the new conceptual framework this is the new recognition criteria right?
Recognition – the process of including an item in the financial statements and is appropriate if it results in relevant and faithful representation.

Then why is it that in the lecture video for IAS 38 Intangible Assets you have stated the old recognition criteria?
October 25, 2019 at 8:41 am #550743
Stephen Widberg
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We do our best to update our lectures where possible. However, inconsistencies slip through at times. We apologise and thank you for flagging the issue.
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