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

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Regulation of Finance and Accounting (ACFA 2021, ACFA 2020)

Part of the book series: Springer Proceedings in Business and Economics ((SPBE))

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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.

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Authors and Affiliations

  1. Department of Management Accounting, Warsaw School of Economics, Warsaw, Poland

    Mariusz Karwowski

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  1. Mariusz Karwowski
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Correspondence to Mariusz Karwowski .

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  1. Faculty of Finance & Accounting, Prague University of Economics and Business, Prague, Czech Republic

    David Procházka

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Karwowski, M. (2022). The Role of IAS 38 in the Evaluation of the Effects of Business Model Innovation. In: Procházka, D. (eds) Regulation of Finance and Accounting. ACFA ACFA 2021 2020. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-99873-8_17

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