Recognition
You'll learn the recognition criteria for intangible assets under IAS 38 and how to distinguish between capitalising costs and expensing them. This lesson covers the two key requirements—probable economic benefit and reliable cost measurement—and shows how recognition rules mirror those for tangible assets.
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In this lesson
- 0:00 Intangible asset recognition criteria
- 0:16 Recognition requirements for intangibles
- 0:33 Capitalising intangible asset costs
- 1:17 Initial measurement and expensing rules
About this lesson
Understanding this is essential for Financial Reporting and Strategic Business Reporting papers, where correctly classifying intangible expenditure directly affects financial statement accuracy and exam marks.
Duration: 2m
Transcript
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