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Intangible Assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Intangible Assets

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarMikeLittle.
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  • October 5, 2016 at 8:48 pm #342497
    AvatarMuslim Farooque
    Member
    • Topics: 190
    • Replies: 134
    • ☆☆☆

    Whats the rule for presentation of internally generated good will and other internally generated intangibles and purchased good will and other externally purchased intangibles in balance sheet

    October 6, 2016 at 7:21 am #342523
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Nothing for the internally generated goodwill

    Other internally generated intangibles are presented in accordance with appropriate standards (for example development costs)

    Purchased goodwill is shown on a consolidated statement of financial position at the top of the asset section

    Other externally purchased intangibles are shown separately also at the top of the asset section

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