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متابعة

Which intangible asset can be recognized in the financial statements according to IAS 38?

  1. Internally generated goodwill.

  2. Internally generated publishing title.

  3. Internally generated software.

  4.Research cost and feasibility study.

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تم إضافة السؤال من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
تاريخ النشر: 2016/01/11
Amer Bakodah
من قبل Amer Bakodah , External Audit Intern , Grant Thornton

1 IS FALSE

2 if meets the criteria of Ias

3 If meets the criteria of IAS

4 will be recognised as an expense in Statement of PorL

So4 is true

The goodwill is shown on the balance sheet after an acquisition of another company is made, not internally generated. The difference between the purchased price and the actual value of the net assets bought is called premium price. The acquirer company normally buy these assets at a premium price because they feel it saves them time and money instead of these assets are being developed internally. The purpose of the acquisition in this case could be a manufacturer wanted to establish his own sales and marketing distribution systems for his products. So the premium price he paid in this case is qualified to be treated as good will and put on  the balance sheet to be amortized yearly over nextyears. 

2. Not qualified.

3. Is qualified

 

4. Is qualified, but with certain conditions.

Zehab Osman
من قبل Zehab Osman , Accountant , Aldar Consultancy Co.

 2. Internally generated publishing title.

Said ElGamal, CMA, CIA, CIPA
من قبل Said ElGamal, CMA, CIA, CIPA , Trainer , Freelancer

4.Research cost and feasibility study. will be recorded as expenses in the income statement

Shazia Anees
من قبل Shazia Anees , Assistant Manager Finance , Arham Trading Company

answer no.3----------------------------------

ahmed elshiekh
من قبل ahmed elshiekh , موظف , ZOOM

  4.Research cost and feasibility study.

teresah njoki
من قبل teresah njoki , RECEPTIONIST , Hilton Hotels World Wide

1. internally generated goodwill

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