Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Intangible assets

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
June 4, 2021 at 10:42 am #623095
Jiya024
Member
- Topics: 168
- Replies: 56
Dear Professor,
Is it possible by any chance that a purchased intangible asset does not meet the recognition criteria under IAS 38?
Many thanks!
June 5, 2021 at 9:12 am #623242
Stephen Widberg
Keymaster
- Topics: 12
- Replies: 2843
Yes – if there is no probable inflow of benefits.
Imagine a celebrity has been jailed for a horrible crime, and you buy a brand name which uses that celebrity’s name. No one will buy your product.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.