Intangible assets (Paused)
In December 2007, the IASB decided not to add the project to its agenda.
The IASB was contemplating undertaking a project on the accounting for identifiable intangible assets (ie excluding goodwill) jointly with the FASB. Such a project would address concerns that the current accounting requirements lead to inconsistent treatments for some types of intangible assets depending on how they arise.
The IASB discussed a proposal to add a project on the accounting for identifiable intangible assets to its active agenda in December 2007. At that time, the Board decided not to add such a project to its active agenda. However, the Board would like the research work that began with the development of the agenda proposal to continue until it can consider the project again for addition to the active agenda.
May 2012 The Board unanimously supported initiating a research programme, focusing initially on discount rates; the equity method of accounting; extractive activities/intangible assets/R&D; financial instruments with the characteristics of equity; foreign currency translation; non-financial liabilities; and financial reporting in high-inflation and hyperinflationary economies.
Last IASB meeting update
The agenda proposal was discussed at the IASB meeting in December 2007. At that time, the Board decided not to add a project on identifiable intangible assets to its active agenda because properly addressing the accounting for identifiable intangible assets in the near-term would impose a large demand on the Board�s limited resources.
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Page last updated: 13 July 2010