Accounting Standard (AS) 26* - Institute of Chartered . . . 462 AS 26 (issued 2002) 10 In some cases, an asset may incorporate both intangible and tangible elements that are, in practice, inseparable In determining whether such an asset should be treated under AS 10, Property, Plant and Equipment, or as an intangible asset under this Standard, judgement is required to assess as to
FASB Issues Standard That Improves Disclosures about Income . . . Specifically, they will be required to: Disclose the amounts of (a) purchases of inventory; (b) employee compensation; (c) depreciation; (d) intangible asset amortization; and (e) depreciation, depletion, and amortization recognized as part of oil- and gas-producing activities (or other amounts of depletion expense) included in each relevant
Technical Line: A closer look at the FASB’s new . . . - EY Under existing US GAAP, certain expenses, gains and losses, while not required to be separately presented on the income statement, are required to be disclosed, including in some instances, the line item(s) where the amount is included in the income statement
US2024-06 disclosure requirements (DISE) - Viewpoint On November 4, the FASB issued new guidance requiring additional disclosure of the nature of expenses included in the income statement in response to longstanding requests from investors for more information about an entity’s expenses
AS 26 - Intangible Assets - ClearTax Amortization should start when the asset is available for use The depreciable amount of an intangible asset should be allocated on the basis of useful life This AS adopts a presumption that the useful life of intangible assets does not exceed ten years
AS 26 – Intangible Assets - Tax Guru Disclosure General 90 The financial statements should disclose the following for each class of intangible assets, distinguishing between internally generated intangible assets and other intangible assets: (a) the useful lives or the amortisation rates used; (b) the amortisation methods used;
FASB clarifies DISE effective dates - cfobrew. com In its update, FASB noted that all public companies, regardless of the calendar they use, must comply with DISE on annual statements for reporting periods starting after December 15, 2026, and on interim statements for reporting periods starting after December 15, 2027