This video is on MFRS 138 Intangible Assets. Using worked examples, the coverage is to::
1.Describe internally generated intangible items such as goodwill and items similar in substance that are not recognised in this standard.
2. Recognition of Expense
3. Explain the subsequent measurement under COST MODEL and REVALUATION MODEL and their accounting treatment .
4. Introduction to the intangible asset with finite or indefinite useful life.
5. Explain the subsequent measurement of intangible assets that have definite life and indefinite life
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