Can external costs related to ISO certification be capitalized as intangible assets, under IFRS?
[New Post] Capitalization of ISO costs – http://www.ifrslist.com/2010/04/capitali…
If it meets the criteria as defined in IAS 38 Intangible Assets it might. It is important to substantiate that it will generate future cash flows, it contributes to your company. In addition you have to consider the materiality of the amount and depreciate the capitalized amount until the next review or update.
The license fee or yearly contribution should be expensed.
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