Archive / 1.6.2 Internally Generated Assets

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Internally generated intangible asset – development phase

Now that we know what to treat as and how to treat the expenses incurred in research phase, we can move onto the development phase. If the company has decided the path to pursue with the generation of the asset, it starts to develop it, meaning that it can now identify the asset and perhaps […]

Internally generated intangible asset – research phase

We have already discussed the two main considerations a management needs to take into account when thinking about recognizing an internally generated asset. First one relates to identifying the asset itself and strictly speaking this shouldn’t be a difficulty. However, the second consideration is far trickier and with this post we’ll start opening the issue […]

Internally generated intangible asset

There are times when a company generates an intangible asset that it may feel to be separately valued. This asset may very well be a website, software or anything similar that the company uses in its business to either increase revenue or to achieve cost-efficiency. In assessing whether the asset falls into the recognition criteria […]