IAS 38 Intangible assets


When we have an asset that is controlled by the entity, future economic benefits are expected to be derived from the asset, there is lack of physical substance but the asset is identifiable, we speak about intangible assets as defined by the IAS 38 standard. Since these assets have special characteristics, there should be special recognition, measurement and disclosure criteria for these type of assets. 

Intangible assets can be developed internally, acquired separately or acquired in a business combination. It is important to make distinction between the three categories as the classification will determine the appropriate accounting treatment of the expenses incurred. This course explains these three categories in detail, after which the measurement requirements of IAS 38 are discussed (initial measurement, subsequent measurement methods, amortisation, impairment, disclosure requirements) using practical examples and interim tests to enhance understanding. 

This course will enable you to:

  • apply the definition of intangible assets
  • distinguish different types of intangibles, such as internally generated, separately acquired and acquired through business combination
  • understand initial measurement requirements of IAS 38 standard
  • apply subsequent measurement methods for accounting intangible assets
  • understand the concept of intangible assets with finite and indefinite useful lives
  • define criteria for impairment
  • review IAS 38 standard's disclosure requirements

Further information:

  • Training hours: 60 minutes 
  • Languages: English, Hungarian, Serbian, Croatian

This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.


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Contact us

Ana Cetkovic

Ana Cetkovic

PwC's Academy Coordinator, PwC Montenegro

Tel: +382 67 643 304