Xix. Applicability Of Accounting Standard (As) 26, Intangible Assets, To Intangible Items

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Dr. Jiterndra K. Aherkar


In the contemporary era, India has emerged at the top of the pedestal in the present knowledge-driven global marketplace, where intangible assets hold much more value than physical assets. This paper examines the accounting and disclosure treatment of Intangible assets under the rules implemented by the set standard for Intangible assets in India. In India, this issue is purveyed by the AS-26, “Intangible Assets”, issued by the Institute of Charted Accountant (ICAI), the apex accounting institute of India. The objective of this paper is to determine the extent of intangible asset disclosure of intangible assets in financial statements by enterprises in India. The scope of the study includes applicability of Accounting Standards 26 on various intangible assets along with measurement principles of intangible assets. Thus, this study may be of value to researchers to explore the areas of intangible assets disclosure so that they can provide useful and relevant information to the users of annual reports.

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