Accounting, valuation and information of intangible assets. Order of the ICAC May 28, 2013 (I)

Abstract

This work is part of a series of reviews of the ICAC Order on Intangible assets wich numerous practical examples are included to facilitate understanding and application in the accounts of a company.

The Order is divided into seven standards:

First. Criteria.

Second. General recognition criteria: identifiability.

Third. Initial assessment.

Fourth. Subsequent measurement.

Fifth. Rights of use acquired free of charge.

Sixth. Special rules for Intangible assets.

Seventh. Other intangible assets.

In this first article the first five parts of the Order are studied in detail to draw conclusions about the most relevant of them and to be useful in the practical order.