The Role of IAS 38 in the Evaluation of the Effects of Business Model Innovation

Mariusz Karwowski ()
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Mariusz Karwowski: Warsaw School of Economics

Chapter Chapter 17 in Regulation of Finance and Accounting, 2022, pp 223-231 from Springer

Abstract: Abstract IAS 38 “Intangible Assets” forces companies in which business model innovation (BMI) occurs to recognize expenditures in the research stage aimed at formulating and designing alternatives for new or improved processes, systems, or additional services, as well as expenditures during the development stage at the moment of incurring such costs, before meeting the criteria for capitalizing expenses in profit or loss. This requirement is important as BMI is driven by internally generated intangible assets that often cannot be recognized in the statement of financial position, resulting in the need for nonfinancial information in regard to these expenses.

Keywords: Business model innovation; Research and development; IAS 38 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-99873-8_17

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DOI: 10.1007/978-3-030-99873-8_17

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