IAS 38 Intangible Assets | R & D Costs | ACCA F3 | ACCA F7 | Financial Reporting | CA | CPA | CMA |

This video from Commerce Specialist explains IAS 38 INTANGIBLE ASSETS.
Detailed explanation is given on how to treat Research and Development Cost, The Accounting treatment of Research Cost, Recognition Criteria and disclosure requirements for Development Cost as per IAS 38.
Explanation is also given how to calculate and record Amortization and the difference between Amortization and Test of Impairment. Discussion is also made in relation to Goodwill and its treatment.
This video is relevant for students of CMA Part 1, ACCA F3, Financial Accounting, ACCA F7, Financial Reporting, CIMA, CA, CPA, CIA, MBA as well as for Accounting and Finance Managers.
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[@sumidevi8684]

Sir
You are such a great mentor.clear explanation with examples.easily understanding with simple English.
Thanks

[@CommerceSpecialist]

Thanks a lot dear🙏👍

[@ninsiimasarah3895]

the best teacher i have encountered..please consider all the topics for financial reporting ...just incase you havent.....

[@ThomasSheriff21Chindende]

to us who like before listening...Live Long Sir

[@CommerceSpecialist]

@@ThomasSheriff21Chindende 👍🙏

[@cakuuleyare7730]

❤ Really this is amazing lecturer. May God bless you. I have been struggling to undrstand this but made it easy. Teaching methodology and experience matters.❤❤❤❤❤❤❤❤

[@CommerceSpecialist]

Thx a lot my dear😊🙏👍

[@jyothikamal5943]

well explained, a born teacher ,May God bless

[@AbdulQadir-m4b]

amazing cover all basic and advance in less then 15 minutes

[@CommerceSpecialist]

Thx d3ar👍

[@aubreythomas5123]

You're very experienced Tuitor, next time I request you to assist us on Cost of Capital

[@CommerceSpecialist]

Video is there already

[@md.sarfarajhasansuvo9588]

Nice discuation

[@ChandraBdrPradhan-n8s]

All the points are bravo, except, goodwill purchased through acquisition of another entity should not be recognized as intangible assets, instead it should be recorded under IFRS3 Business Combination

[@renukaskumar6695]

Sir can you please post the video of events after the reporting period

[@CommerceSpecialist]

Sure, very soon

[@mathews4265]

Thanks!

[@CommerceSpecialist]

👍

[@CryptoCandyy]

Can we charge impairment during development phase means for not fully developed intangible

[@akrambodla6970]

jaza ka allah.

[@yahyashah159]

Thanks alot sir

[@CommerceSpecialist]

🙏

[@euniceike1165]

Sir you’re a super talented, I really appreciate your lecturers very clear and understanding

[@CryptoCandyy]

When tha impairment should begin?

[@CommerceSpecialist]

When there is difference btw carrying value and recoverable cost

[@CryptoCandyy]

@@CommerceSpecialist Can we charge impairment during development phase means for not fully developed intangible

[@ChiragParakh-zt5ow]

Sir do provide Cma coaching i wanna pursue CMA

[@CommerceSpecialist]

Yes

[@marianovak2805]

❤

[@freyap9421]

hi sir, do you realise your videos can get rather floaty/distorted on the white board, makes me dizzy. or is it just me? :(

[@CryptoCandyy]

Yes it is😂

[@JohnBassey]

Thank you sir

[@MasoomaNaeem]

❤

[@CommerceSpecialist]

Thx