Disclosure

In this lesson

1. 0:00 Intangible assets disclosure overview
2. 0:31 Required disclosures under IAS 38
3. 1:30 Sample reconciliation structure
4. 2:28 Revalued intangibles disclosure requirements

About this lesson

You'll discover what information must appear in the statement of financial position and notes to the financial statements, including amortisation methods, useful lives, gross carrying amounts, and accumulated amortisation for each class of intangible asset. The core disclosure requirements mirror those for tangible assets under IAS 16. Key information includes the amortisation method used (typically straight-line), the useful life or amortisation rate applied, and a detailed reconciliation showing opening and closing balances, additions, amortisation, revaluation adjustments, and disposals for each type of intangible. This reconciliation expands the aggregated carrying value shown on the statement of financial position, allowing users to understand the movement in each asset class during the period. You'll also explore additional disclosures required when intangible assets have been revalued, including the carrying amount before and after revaluation, the historic cost carrying amount, and the revaluation surplus movements. While revaluation of intangibles is uncommon in practice, understanding these disclosure requirements ensures you can handle exam questions across all scenarios and apply consistent principles to both tangible and intangible asset reporting.

Duration: 3m