Internally generated identifiable intangible assets may be recognised for financial accounting purposes in Europe.

Question

Quizplus · Accepted Answer

According to International Accounting Standard (IAS) 38, internally generated identifiable intangible assets may be recognised for financial accounting purposes if certain criteria are met. This applies to companies reporting under International Financial Reporting Standards (IFRS), which are used in Europe and many other parts of the world.

Internally Generated Identifiable Intangible Assets May Be Recognised for Financial