Ias 38 licenze software

The standard ias 38 says that if you sell the intangible asset not as a part of ordinary business side note if you sell the intangible asset within the ordinary course of business, then ias 38 does not apply at all, but ias 2 inventories, then you recognize the profit on sale in profit or loss for sure. Staff paper november 2018 interpretations committee. Lizenzen, geleistete anzahlungen, kundenlisten, software, entwicklungskosten. The ifrs foundations logo and the ifrs for smes logo, the iasb logo, the hexagon device, eifrs, ias, iasb, ifric, ifrs, ifrs for smes, ifrs foundation, international accounting standards, international financial reporting standards, niif and sic are registered trade marks of the ifrs foundation, further details of which are available from the ifrs. Accounting for expenditure on software development for internal use. Ias 38 defines an intangible asset as an identifiable nonmonetary asset without physical substance. International accounting standard 38, dealing with intangible assets. To control an intangible asset, paragraph of ias 38 requires an entity to have the power to obtain the future economic benefits flowing from it and to restrict the access of others to those benefits. International accounting news ausgabe 9, september 2019 pwc. The scope exclusion of ifrs 16 therefore covers all software licensing agreements and, thus, an entity should account for all rights to access or use the application software by applying ias 38, not ifrs 16. The subscription service fee cannot be capitalised as an intangible asset in terms of ias 38. January 2015 the new revenue recognition standard software and cloud services 1 overview software entities may need to change their revenue recognition policies and practices as a result of ifrs 15 revenue from contracts with customers a new standard jointly issued by the international accounting standards board the. The standard also specifies how to measure the carrying amount of intangible assets and requires certain disclosures regarding intangible assets. In this case, you need to recognize the license as an intangible asset, because accounting software is not essential to run the computer.

We have come to an era where many companies around the globe consider it as an investment not as an expense. Referring to the provision of ias 38, the above questions can be clarified as follows. Ias 38 intangible assets 2017 05 pkf international. Ias 38 applies to all intangible assets other than.