TAILIEUCHUNG - Lecture Intermediate accounting (Volume 1, 11th Canadian edition) – Chapter 12: Intangible assets and goodwill

After studying this chapter, you should be able to: Understand the importance of intangible assets and goodwill from a business perspective and describe their characteristics, identify and apply the recognition and measurement requirements for purchased intangible assets, identify and apply the recognition and measurement requirements for internally developed intangible assets,. | 1 CHAPTER 12: INTANGIBLE ASSETS & GOODWILL 2 2 CHAPTER 12: Intangible Assets and Goodwill After studying this chapter you should be able to: Understand the importance of intangible assets and goodwill from a business perspective and describe their characteristics. Identify and apply the recognition and measurement requirements for purchased intangible assets. Identify and apply the recognition and measurement requirements for internally developed intangible assets. Explain how intangible assets are accounted for after initial recognition. Identify and explain the accounting for specific types of intangible assets. Explain and account for impairment of limited-life and indefinite-life intangible assets. Explain how goodwill is measured and accounted for after acquisition. Explain and account for impairment of goodwill. Identify the types of disclosure requirements for intangible assets and goodwill and explain the issues in analyzing these assets. Identify differences in accounting between ASPE and IFRS. 3 3 Goodwill and Other Intangible Assets 4 4 Characteristics of Goodwill Goodwill is not a tangible asset It can only be recognized when a business is acquired. Cannot be sold separately. It can only be sold when a business is sold. Goodwill is an unidentified excess or residual amount. It can only be calculated in relation to the business as a whole. 5 LO1 5 Characteristics of Intangible Assets Intangible assets must meet all of the following characteristics: They are identifiable, having at least one of the following characteristics: Results from contractual or legal rights, or Can be separated from the entity and sold, rented, exchanged, transferred or licensed They lack physical substance, and They are non-monetary Identifiable intangibles with similar characteristics should be grouped and reported together 6 LO1 6 Recognition and Measurement at Acquisition Recognize if probable future economic benefit, and asset can be measured reliably Initially recorded at .

• Kế toán - Kiểm toán
• Intermediate accounting
• Lecture Intermediate accounting
• Financial reporting
• Intangible assets
• Internally developed intangibles
• Development costs
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• Stock issuance
• Estimating reserves
• Liquidating dividends
• Accounting changes
• Error corrections
• Accounting choices
• Theoretical structure
• Accrual accounting
• Financial accounting environment
• Accounting for leases
• Leasing environment
• Accounting by lessee
• Special accounting problems
• Cash versus accrual accounting
• International standard setting
• Accounting standards
• Accounting assists
• The challenges facing accounting
• Income taxes
• Accounting for income taxes
• Deferred tax liabilities
• Error analysis
• Accounting policy
• Accounting estimate
• Accounting policies
• Accounting information system
• Measurement issues
• Characteristics of accounting
• Capital allocation process