IFRS 3 Business Combinations
Intangible Asset IAS 38 Intangible Assets Definition An intangible asset is an identifiable non-monetary asset without physical substance. Intangible assets include items such as: -Licences and quotas -Intellectual property, e.g. patents and copyrights -Brand names -Trademarks -Goodwill For an asset to be identifiable, it must fall into one of two categories: 1.It is separable- the asset can be bought or
Continue reading CONSOLIDATED STATEMENT OF FINANCIAL POSITION LEANRING OBJECTIVE 1. What is group? 2. Requirement to prepare consolidated financial statement 3. The basic method of preparing a consolidated statement of financial position 4. The mechanics of consolidation 5. Goodwill 6. How to include fair value in consolidation workings ………………………………………………. I. What is a group? A group exists where on entity, the parent,
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