Intangible assets
mighty18
AAT Student Posts: 16
L4 financial statements. Can someone explain to me why they are not recognised in the statement of financial position and how they are held in the accounts? Also, what way do they generate income to a business?
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There are recognised if meet recognition criteria
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https://www.iasplus.com/en/standards/ias/ias38AAT Level 2. 2018 Distinction
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