Common Errors – Intangible Assets
Overview
Understand and avoid the hidden pitfalls of IAS 38/AASB 138 Intangible Assets: uncover the most common intangible asset accounting errors before they become audit findings or financial reporting issues
Accounting for intangible assets under IAS 38/AASB 138 can be deceptively complex, with even experienced finance teams frequently encountering challenges in areas such as asset recognition, capitalisation of costs, useful life assessments, impairment indicators, and the distinction between intangible assets, goodwill and financial assets. Misapplication of these requirements can lead to material misstatements, regulatory scrutiny, and unnecessary audit adjustments.
This practical session explores the most common errors observed in practice and provides clear guidance on how to apply IAS 38/AASB 138 correctly. Through real-world examples and case studies, participants will gain a deeper understanding of judgement areas, emerging reporting challenges, and leading practices for avoiding errors, strengthening governance, and improving the quality of intangible asset accounting and disclosures.
Learning Outcomes:
This session aims to provide attendees with the ability to:
- Identify the key differences between intangible assets and other assets, particularly financial assets and goodwill
- Understand the key accounting requirements applicable to intangible assets under IAS 38/AASB 138
- Identify the key assumptions and judgements relevant to accounting for intangible assets under IAS 38/AASB 138
- Identify the common interpretation and application errors in applying IAS 38/AASB 138, and
- Understand the broad implications of misapplying the requirements in IAS 38/AASB 138.
Suited to:
Auditors, CEOs, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Common Errors – Intangible AssetsVideo
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Dean ArdernBDO Australia
is an Advisory Partner in IFRS and Corporate Reporting at BDO in Melbourne. Dean has over 20 years of experience advising on the interpretation and application of IFRS, Australian Accounting Standards and other financial reporting requirements.
Dean enjoys bringing this experience to bear on complex accounting and reporting issues to identify practical and compliant solutions for clients in both the for-profit and not-for-profit sectors. To achieve this, Dean works at building constructive relationships with clients with the view to providing responsive, accurate and outcome-focused technical advice and guidance.