Recognition of intangible asset as per Ind AS 38

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12 Points Posted on 24 March 2020
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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On 24 March 2020 at 11:48 Report
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This discussion clarifies whether staff training costs, even with a service bond, can be recognised as intangible assets under Ind AS 38. The consensus is no, as the standard specifically excludes such costs. A key reason is that an entity lacks control over its staff, a fundamental requirement for recognising an intangible asset.

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No, staff training cost is specifically excluded to be part of cost of Intangible asset.
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On 24 March 2020 at 15:44
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Chartered Accountant
12739 Points Posted on 24 March 2020

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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On 24 March 2020 at 20:13

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