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    IFRS customer list

    Can we capitalize a customer list under IFRS?

    by Silvia

    If you purchase a customer list from someone else, can you actually capitalize it (recognize it as an asset)? Isn’t is just the same as the advertising expense? When can you capitalize a customer list under IFRS? Learn here!

    Non-current Assets 52

    How to Account for Intangible Assets under IAS 38

    by Silvia

    Is it an asset or an expense? How to account for amortization? What if the asset has indefinite useful life? Learn here in our newest article with the video in the end!

    IFRS Videos, Non-current Assets 58
    Intangible assets

    IAS 38: Intangible Asset or Expense?

    by Silvia

    Recently I had an argument with auditors of one company related to the customer list they bought. The company paid significant amount of cash for the list of customers of telecommunications. The list contained the names, addresses and phone numbers of all the clients. And,…

    Non-current Assets 153
    Impairment of Goodwill

    How to Test Goodwill for Impairment

    by Silvia

    When a company acquires control over another company, then often a goodwill arises, too. You should present it as an intangible asset, but when you think about it carefully, a goodwill is not a typical asset, because unlike other assets, you cannot sell it to…

    Consolidation and Groups, Non-current Assets 91

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