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I just wonder if there is a possibility to recognize it as an intangible asset if we do not choose simplified approach

Is it because of IT infrastructure or other factors?

What about changes in 2024?

Marek, The vendor has provided the customer with a android/IOS application tailored to their needs, granting them the right to use the app indefinitely with unlimited life. However, the vendor retains ownership of the source code, has the ability to update, enhance, and even sell the rights to the a...

Thank you Marek, I will look through. I also wonder the information regarding cloud-based (internet) access. According to the new rules, I think it can still be recognized as an asset: https://www.grantthornton.ca/insights/aspe-new-requirements-accounting-for-cloud-computing-arrangements/ Control cr...

I want to clarify, access is actually hybrid (users of the program can use the software remotely)

Hi Marek,
It is through on premises installation.

PS. Topic name- Recognition the right to use the software as an intangible asset or expense

Hello, The company (developer) developed the software and transfer the rights of use to several companies (contractors). The contractors are obliged to use the software only for personal purposes. Property/non-property copyright on the program remains with the developer. The developer is entitled at...

Hi,
Could anyone help me regarding the classification (Liability or Equity) of convertible preference shares with fixed annual dividend payment?

Thanks.

Thanks!

No, I do not have but i think that it may be IP in some cases

I expect that should only be taken account of if a company had a specific asset that was highly likely only to be sold to private individuals on disposal. not sure what that would be in terms of something carried at fair value from the owning company's perspective. interested to hear what it might ...

as I see it, VAT is tax on the transaction and not part of the fair value but if an asset comes with VAT imposed on the sale transaction and a typical buyer is not able to recover it, then this is a circumstance that will have a negative impact on the fair value of the asset Thanks, Marek So you th...

Thanks, what about if the buyer is the physical person and can't claim the VAT? I am just confused about the definition of transaction costs

Hello, I wonder if Fair value of PPE or IP is inclusive or exclusive of VAT. According to IFRS 13 the price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction cost[/b, so I am not sure if VAT can be considered...