• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Intangible Asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Intangible Asset

  • This topic has 5 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • November 28, 2020 at 9:52 am #596814
    maylynn
    Participant
    • Topics: 32
    • Replies: 34
    • ☆☆

    Dear sir,
    please
    When study Oq Mar 2020 no 1 (b),
    I was confused at customer contracts.
    Which key point in question is importance to be recognised as intangible asset?
    And then Is it not IFRs15 ?

    November 28, 2020 at 2:00 pm #596850
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3408
    • ☆☆☆☆☆

    The contracts are a purchased asset – this is a question about goodwill where all assets should be measured at FV. It is not a question about selling things.

    November 29, 2020 at 2:34 am #596957
    maylynn
    Participant
    • Topics: 32
    • Replies: 34
    • ☆☆

    Yeah sir.
    But, this paragraph
    excluded from these FV are several contracts with the customers of Cro Co.These contractual relationship prohibit the customers of Cro Co from obtaining services from any of the main competitors of Cro Co.
    That mean Customer relationship-customer related intangible assets?
    Hoping ….Thz

    November 29, 2020 at 8:27 am #596967
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3408
    • ☆☆☆☆☆

    Yes – you must recognise these contracts as intangibles at FV because they give the company ‘legal/contractual’ rights.

    This is an important current issue because many parent companies have been failing to do this, thus overstating goodwill.

    November 29, 2020 at 11:12 am #596997
    maylynn
    Participant
    • Topics: 32
    • Replies: 34
    • ☆☆

    Thanks you very much sir.

    November 30, 2020 at 12:48 pm #597142
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3408
    • ☆☆☆☆☆

    My pleasure.

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • manahylilyas on The financial management environment – ACCA Financial Management (FM)
  • poojam on Objective of financial reporting – ACCA Financial Reporting (FR)
  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management
  • John Moffat on MA Chapter 26 Questions Variance Analysis

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in