Credit check – A conversation about liabilities

Seeing that one of the most important characteristics of intangible assets is that they have no physical substance, it is also guaranteed that not all intangible assets are easy to find! In this webinar, join us in discussing exactly what it means that an intangible asset is an identifiable, non-monetary asset without physical substance. Also take note of the importance of having the ability of identifying intangible assets at the acquisition date in a business combination transaction, which depends heavily on your understanding of the principles in this section of financial reporting. This webinar will refresh your memory and bring you to an in-depth understanding of the accounting for intangible assets, all in roughly an hour! You will also be refreshed on the Income Tax Act’s Section 11(gB) and Section 11(gC), relating to intangible assets. In completing this learning engagement, you will have developed the professional competencies in the green section below.