Syllabus B2. Intangible Non-Current Assets 2 / 15

a) Discuss the nature and accounting treatment of internally generated and purchased intangibles.

b) Distinguish between goodwill and other intangible assets.

c) Describe the criteria for the initial recognition and measurement of intangible assets.

d) Describe the subsequent accounting treatment, including the principle of impairment tests in relation to goodwill.

e) Indicate why the value of purchase consideration for an investment may be less than the value of the acquired identifiable net assets and how the difference should be accounted for.

f) Describe and apply the requirements of relevant accounting standards to research and development expenditure.
Intangible Non-Current Assets