The increasing importance of intangible assets required a general review of accounting treatments since the introduction of the 4th EU Directive136. Intangible assets are part of the asset section of the 4th EU Directive balance sheet but recording is only possible in the case of acquisition137. The main difference between the 4th EU Directive and IAS 38 is that IAS 38 also allows the recording of self-generated intangibles and offers the revaluation method as a general alternative measurement method equal to historical cost accounting138. In addition, IAS 38 distinguishes between intangibles with a definite and indefinite life139. This reflects one of the main differences to traditional EU Directive accounting and is a result of the emerging number of new types of intangibles140.


Cash Flow Intangible Asset Future Cash Flow Historical Cost Accounting Treatment 
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© Betriebswirtschaftlicher Verlag Dr.Th. Gabler | GWV Fachverlage GmbH, Wiesbaden 2008

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