Intangible asset

An intangible asset (English intangible asset ) is a non - physical asset owned by a company, which can be recognized in the company's balance sheet. In general, intangible assets are long-term business operations and are therefore attributable to the fixed assets.

According to § 266 of the German Commercial Code ( HGB ) are among the intangible assets

  • Concrete detectable rights and assets, payments on account and
  • The goodwill value.
  • Specifically detectable rights and values ​​are ultimately Concessions, industrial property rights ( eg patents or copyrights), similar claims (eg, rights of use or unprotected inventions ), licenses to such rights and assets as well as software.

For beginning to 2009 financial years was in accordance with § 248 section 2 HGB ( as in § 5 paragraph 2 Income Tax Act for the tax balance sheet ) prohibits capitalization of internally generated intangible fixed assets. For fiscal years beginning in 2010 applies to the trade balance may be capitalized; for tax purposes, it remains in the activation ban, the expenses are so immediate tax expense.

For the delineation of which, according to the German Commercial Code as an internally generated rsp. applies for consideration acquired asset, wearing the manufacturing risks is crucial.

According to the International Financial Reporting Standards ( IFRS) are intangible assets, all identifiable, non-monetary and non- physical assets. Your accounting is governed by IAS 38. In addition to the criterion of identifiability is to check whether the values ​​are under the control of the reporting entity, whether a future economic benefit is expected and whether the acquisition or production cost can be measured reliably.

The largest German GAAP is that IFRS internally generated intangible assets must be activated under certain circumstances. There are restrictions in accordance with IAS in certain positions such as brand names. Furthermore, activation of research expenditures is not possible according to IAS, Development expenses are capitalized as in the HGB. The definition of research and development can be difficult in individual cases. IAS 38.57 sets out the conditions that must be met.

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