Accounting for intangible assets, particularly those that are
generated internally by an entity.
Most companies operating within the gaming industry have
intangible assets on their balance sheet. Although intangible
assets do not have a physical substance, they can be a significant
element for companies to be able to operate successfully. Examples
of such assets include platforms, games and other software specific
to the business' operations.
These criteria apply to all intangible assets, whether acquired
separately, acquired in a business combination or generated
internally.
It may be challenging to assess whether an internally generated
intangible asset qualifies for recognition, due to issues in:
