Mfrs 138 Intangible Assets Pdf

Reporting standard frs 138 intangible assets.

Mfrs 138 intangible assets pdf. Recognition and measurement 140 investment property ic int. Mfrs 10 consolidated financial statements mfrs 11 joint arrangements mfrs 13 fair value measurement as those amendments. 138 intangible assets 139 financial instruments. Intangible assets are the main growth inducer in a knowledge economy and are becoming more important than the tangible assets.

The definition does not therefore apply to items of property plant equipment which physically exist or to assets such as receivables and cash which are monetary assets. 2 0 intangible assets mfrs 138 intangible assets are identifiable non monetary assets without physical substance. Initial measurement cost trade discount rebates any directly attributable cost of preparing the asset for intended use initial cost. Pdf on may 23 2011 normawati non and others published frs 138 intangible assets in malaysian companies.

Unfortunately the criteria and requirements set by frs 138 resulting in many intangible assets go unrecognised. The extent of compliance and voluntary disclosures find read and cite all the. Malaysian frss ifrss a comparison 5 summary of key differences. Intangible asset how to calculate initial cost.

Mfrs 138 1037 malaysian financial reporting standard 138 intangible assets this version includes amendments resulting from mfrss with effective dates no later than 1 january 2012. Amendments with an effective date later than 1 january 2012 mfrs 138 has been amended by. 9 reassessment of embedded derivatives.