A company provides training to its staff and there is bond signed with its employees for minimum 5 yrs of service.
can company recognise intangible assets in its books for staff training cost?
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Recognition of intangible asset as per Ind AS 38
Replies (2)
Quick Summary
No, staff training cost is specifically excluded to be part of cost of Intangible asset.
NO , specially prohibited to recognize the cost incurred on staff training as INTANGIBLE ASSETS
reason : entity does not have control over the Staff
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