Ias 38 – 2021 Issued ifrs standards (Part A)

APPROVAL BY THE BOARD OF IAS 38 ISSUED IN MARCH 2004
APPROVAL BY THE BOARD OF CLARIFICATION OF ACCEPTABLE
METHODS OF DEPRECIATION AND AMORTISATION (AMENDMENTS TO
IAS 16 AND IAS 38) ISSUED IN MAY 2014
FOR THE ACCOMPANYING GUIDANCE LISTED BELOW, SEE PART B OF THIS EDITION
ILLUSTRATIVE EXAMPLES
Assessing the useful lives of intangible assets
FOR THE BASIS FOR CONCLUSIONS, SEE PART C OF THIS EDITION
BASIS FOR CONCLUSIONS
DISSENTING OPINIONS
IAS 38
© IFRS Foundation
A1489

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International Accounting Standard 38 Intangible Assets (IAS 38) is set out
in paragraphs 1–133. All the paragraphs have equal authority but retain the IASC
format of the Standard when it was adopted by the IASB. IAS 38 should be read in the
context of its objective and the Basis for Conclusions, the Preface to IFRS Standards and
the Conceptual Framework for Financial Reporting. IAS 8 Accounting Policies, Changes in
Accounting Estimates and Errors provides a basis for selecting and applying accounting
policies in the absence of explicit guidance.
IAS 38
A1490
© IFRS Foundation

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International Accounting Standard 38
Intangible Assets
Objective
The objective of this Standard is to prescribe the accounting treatment for
intangible assets that are not dealt with specifically in another Standard. This
Standard requires an entity to recognise an intangible asset if, and only if,
specified criteria are met. The Standard also specifies how to measure the
carrying amount of intangible assets and requires specified disclosures about
intangible assets.