This month’s exclusive Accountancy Daily CPD module will look at the accounting requirements for intangible assets under FRS 102 including scope, recognition and measurement, internally generated assets and amortisation
Completing this module will enable you to:
- Understand what is and what is not dealt with under section 18 of FRS 102 and to understand what the definition of an intangible asset is;
- Learn about the costs involved at initial recognition and subsequent measurement including assets obtained in a business combination;
- Understand how to account for research and development expenditure; and
- Understand the rules in FRS 102 concerning amortisation and residual values.
This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.
The CPD course lecturer is Steve Collings FMAAT FCCA, audit and technical partner at Leavitt Walmsley Associates Ltd where he trained and qualified. Collings became a member of the Association of Accounting Technicians (AAT) in 2001 and qualified as a chartered certified accountant in 2005.
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