A company have a computer software (internally generated) which results in buying the programmes to users The main customer of this programmes has bankrupt so the software will not be sold ,Is Impairment should be ? and also a few programmes may be sold So what's the right Treatment For this according to IFRS?
Para 4 of IAS 38 says "computer software for a computer-controlled machine tool that cannot operate without that specific software is an integral part of the related hardware and it is treated as property, plant and equipment. The same applies to the operating system of a computer." Its true for branded computers which come pre [...]
Dear IFRS Experts, Could you please give your opinion on the following: 1. Computer softare is to be considered as Intangible Assets or PPE 2. Which type of computer software can be capitalized / expensed out Whether following type can be capitalized or expensed out Photoshop Illustrator Adobe Writer AutoCAD AutoCAD 3D Max AutoCAd lite [...]
Dear Group member Please advice, the rent which is paid for the advertiment, like display of bill boards etc., can we take it into intangible assets. Is advertisment cost of our product an intangible assets Best Regards Suraj
Leo wants to capitalize all costs of NSL on NSL’s books until it has completed its first year of operations. In addition to the franchise fee, $20 million will have to be spent on the following: Acquisition of player contracts $ 12,000,000 Advertising and promotion 1,500,000 Equipment 3,200,000 Wages, benefits, and bonuses 6,800,000 Other [...]
Dear expert After my joining i obseved that substetial amount remin unadjusted as unallocated revenue expenditure. how could i adjust the unallocated expenses with my accounts . if there is any relation with IAS 38 intangible assets. please give the suggetion with example and related IFRS Thanks
Dear All , can anyone help me with an urgent answer on the below question : - If we purchase software licences for office programs like ( Microsoft , power point etc ). and we renew the same every year do we need to capitalize this cost or expense it ( Please note that i'm [...]
On the date of transition, a company could choose, as it´s deemed cost, historical cost if the previous gaap is not significantly different than IFRS or fair value for PPE, Intangibles and Investment property. I am not sure if I have it clear but under IAS 16, one can choose the deemed cost on a per-item [...]