29 paragraphs found in INT 132
AusCF paragraphs and footnotes included in this Interpretation apply only to: (a) not-for-profit entities; and (b) for-profit entities that are not applying the Conceptual Framework for Financial Reporting (as identified in AASB 1048 Interpretation of …
An entity may incur internal expenditure on the development and operation of its own web site for internal or external access. A web site designed for external access may be used for various purposes such as to promote and advertise an entity’s own …
The stages of a web site’s development can be described as follows: (a) Planning—includes undertaking feasibility studies, defining objectives and specifications, evaluating alternatives and selecting preferences. (b) Application and Infrastructure …
Once development of a web site has been completed, the Operating stage begins. During this stage, an entity maintains and enhances the applications, infrastructure, graphical design and content of the web …
When accounting for internal expenditure on the development and operation of an entity’s own web site for internal or external access, the issues are: (a) whether the web site is an internally generated intangible asset that is subject to the requirements …
This Interpretation does not apply to expenditure on purchasing, developing, and operating hardware (eg web servers, staging servers, production servers and Internet connections) of a web site. Such expenditure is accounted for under AASB 116 . …
Notwithstanding paragraph 5 , in respect of AusCF entities, this Interpretation does not apply to expenditure on purchasing, developing, and operating hardware (eg web servers, staging servers, production servers and Internet connections) of a web site. …
AASB 138 does not apply to intangible assets held by an entity for sale in the ordinary course of business (see AASB 102 and AASB 15 ) or leases of intangible assets accounted for in accordance with AASB 16 . Accordingly, this Interpretation does not …
In December 2013 the AASB amended the Framework for the Preparation and Presentation of Financial Statements . …
An entity’s own web site that arises from development and is for internal or external access is an internally generated intangible asset that is subject to the requirements of AASB 138 …