IMPROVING THE ACCOUNTING OF INTANGIBLE ASSETS IN JOINT VENTURES BASED ON INTERNATIONAL STANDARDS

https://doi.org/10.5281/zenodo.15390676

Authors

  • Yusupov Asror Makhmanazar ugli Acting Associate Professor of the Department of "Accounting" at the International Institute of Finance, Technology and Science, Doctor of Philosophy in Economics Author

Keywords:

Intangible Assets, Joint Ventures, IFRS, IAS 38, Accounting Standards, Financial Reporting, Amortization, Recognition, Measurement, Best Practices

Abstract

Intangible assets are a vital component of the balance sheets of joint ventures (JVs), particularly in sectors such as technology, pharmaceuticals, and intellectual property-driven businesses. The accounting of intangible assets, however, remains complex and varied, especially in joint ventures where ownership and control are shared. This article explores the challenges and opportunities in improving the accounting of intangible assets in joint ventures in accordance with international accounting standards. By focusing on the relevant provisions of IFRS (International Financial Reporting Standards), particularly IAS 38, the study examines how joint ventures can enhance transparency, consistency, and accuracy in the recognition, measurement, and reporting of intangible assets. The paper also reviews best practices, identifies key challenges, and proposes recommendations for improving the accounting practices surrounding intangible assets in JVs.

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References

Hsu, L., & Wang, H. (2019). The Role of Joint Venture Agreements in Intangible Asset Accounting. International Journal of Accounting and Finance, 10(2), 45-59.

Kumar, R., Patil, S., & Ghosh, A. (2021). Impairment Testing of Intangible Assets: Challenges and Best Practices for Joint Ventures. Journal of International Accounting, 33(4), 295-311.

Lee, Y., & Kim, J. (2020). Valuation of Intangible Assets in Joint Ventures: Challenges and Implications. Accounting Review, 48(1), 115-133.

International Accounting Standards Board (IASB). (2019). IAS 38: Intangible Assets. IFRS Foundation.

U.S. Financial Accounting Standards Board (FASB). (2021). ASC 350: Intangibles – Goodwill and Other. FASB.

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Published

2025-05-10 — Updated on 2025-05-12

Versions

Issue

Vol. 3 No. 4 (2025): Journal of Contemporary World Studies

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

Yusupov , A. (2025). IMPROVING THE ACCOUNTING OF INTANGIBLE ASSETS IN JOINT VENTURES BASED ON INTERNATIONAL STANDARDS: https://doi.org/10.5281/zenodo.15390676. Journal of Contemporary World Studies, 3(4), 33-36. https://bestjournalup.com/index.php/jcws/article/view/1662 (Original work published 2025)