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internally generated assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › internally generated assets

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • November 30, 2015 at 2:40 am #286278
    sasha
    Member
    • Topics: 99
    • Replies: 141
    • ☆☆☆

    sir how is internally generated goodwill, brands treated in financial statements? does it come in preparing our financial statements?

    November 30, 2015 at 9:05 am #286332
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23335
    • ☆☆☆☆☆

    Not recognised! Only recognise goodwill acquired on acquisition of a subsidiary. Brands too, but brands may also be acquired as a separate purchase and not as a result of a subsidiary acquisition

    Ok?

    December 2, 2015 at 1:14 am #286858
    sasha
    Member
    • Topics: 99
    • Replies: 141
    • ☆☆☆

    ok sir.. thank you

    December 2, 2015 at 8:36 am #286907
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23335
    • ☆☆☆☆☆

    You’re welcome

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