VID 20260925 082827

IND AS 38 – INTANGIBLE ASSETS | PART 1 What exactly is an Intangible Asset? Can software such as Tally be considered an intangible asset? What are the different types of intangible assets that businesses can have? In this Part 1 of our Ind AS 38 – Intangible Assets series, we start with the fundamentals and build the foundation required to understand the entire standard. In this video, we discuss: 🔹 What is an Intangible Asset? 🔹 Meaning and definition of Intangible Assets 🔹 What makes an asset “intangible”? 🔹 Five broad families of Intangible Assets 🔹 Marketing-related Intangibles 🔹 Customer-related Intangibles 🔹 Artistic-related Intangibles 🔹 Contract-based Intangibles 🔹 Technology-based Intangibles 🔹 Practical examples of Patents, Trademarks, Licences, Software, Customer-related rights and other Intangibles 🔹 Identifiability of an Intangible Asset 🔹 What does it mean for an asset to be identifiable? 🔹 Separability and contractual/legal rights 🔹 Control over an Intangible Asset 🔹 Why employee skills and training do not automatically become Intangible Assets 🔹 Future Economic Benefits 🔹 Practical examples to understand the concept 🔹 Is Tally Software an Intangible Asset? 🔹 Practical approach to identifying an Intangible Asset The objective of this series is not just to memorise Ind AS 38, but to understand how the standard works in practical business situations. If you are a Commerce student, CA student, CS student, CMA student, MBA student, accounting professional, finance professional or anyone interested in Financial Reporting, understanding Intangible Assets is an important part of your accounting knowledge. 📚 IND AS 38 – INTANGIBLE ASSETS SERIES This is PART 1 of our detailed Ind AS 38 series. In the upcoming parts, we will cover the standard step by step, including: ✔ Recognition criteria ✔ Initial measurement ✔ Separate acquisition ✔ Business combinations ✔ Government grants ✔ Exchange of assets ✔ Internally generated Intangible Assets ✔ Research vs Development ✔ Development expenditure ✔ Software accounting ✔ Subsequent expenditure ✔ Cost Model ✔ Revaluation Model ✔ Useful Life ✔ Finite and Indefinite Useful Life ✔ Amortisation ✔ Impairment ✔ Derecognition ✔ Practical case studies ✔ Numerical problems ✔ Exam-oriented questions ✔ Financial statement presentation and disclosures 📌 PREVIOUS IND AS / ACCOUNTING STANDARD VIDEOS We have already covered Ind AS 16 and other important Accounting Standards and Ind AS topics on this channel. If you are following our Financial Reporting series, visit the channel and watch the previous standards as well so that you can build your concepts standard by standard. 📌 FOLLOW THE COMPLETE SERIES Subscribe to CA Gangadhar Reddy and follow the complete Ind AS 38 series for practical explanations, examples, numerical problems and exam-oriented concepts. If you find this video useful, LIKE the video and SHARE it with your friends and fellow Commerce, CA, CS, CMA and MBA students. #IndAS38 #IntangibleAssets #CAStudents #FinancialReporting #AccountingStandards #CAInter #CAFinal #CommerceStudents #CSStudents #CMA #MBA #Accounting #IndAS #Tally