IAS 38 Costs of acquiring or developing content for electronic databases
Date recorded:
Issue
The IFRIC considered addressing the following:
(a) how to account for the costs of acquiring or generating information to be included in an electronic database
(b) if the costs in (a) should be capitalised, should internal and/or external costs be included, and should direct and/or indirect costs be included, and
(c) if the costs in (a) should be capitalised, how to account for the costs of maintaining and enhancing the collection.
Decision not to add
February 2002
Reason
The IFRIC decided to not address these issues because SIC-32 Intangible Assets – Web Site Costs, and IAS 38 Intangible Assets provides sufficient guidance.
IFRIC reference: IAS 38
