New UK GAAP 2015: Application of FRS 100-102 in the UK

Chapter 14 Intangible Assets other than Goodwill

1 Introduction

2 Comparison between Section 18, previous UK GAAP and IFRS

   2.1 Key differences to previous UK GAAP

       2.1.1 Definition of an intangible asset

       2.1.2 Intangible assets acquired in a business combination

       2.1.3 Indefinite life intangible assets

       2.1.4 Amortisation of capitalised development expenditure

       2.1.5 First year impairment reviews

       2.1.6 Exchanges of assets

       2.1.7 Classification of computer software

       2.1.8 Disclosures

   2.2 Key differences to IFRS

       2.2.1 Intangible assets acquired in a business combination

       2.2.2 Indefinite lived intangible assets

       2.2.3 Development costs

       2.2.4 Advertising and promotional activities

       2.2.5 Intangible assets acquired by way of government grant

       2.2.6 Disclosures

3 Requirements of Section 18 for intangible assets other than goodwill

   3.1 Terms used in Section 18

   3.2 Scope and definition

       3.2.1 Identifiability

       3.2.2 Lack of physical substance

       3.2.3 Control

       3.2.4 Future economic benefits

   3.3 Recognition and initial measurement of an intangible asset

       3.3.1 Separately acquired intangible assets

1. 3.3.1.A Recognition of separately acquired intangible assets
2. 3.3.1.B Initial measurement of separately acquired intangible assets

       3.3.2 Intangible assets acquired as part of a business combination

1. 3.3.2.A Recognition of intangible assets acquired as part ...