Intangible Assets – Web Site Costs

The AASB intends to formally approve all UIG Abstracts that are equivalent to IASB Interpretations on the same day in 2004. The UIG intends to finalise the contents of Proposed Pending Abstracts on a progressive basis and to make them available on the AASB web site, to assist entities to identify changes that may be needed in their financial reporting systems. When agreed by the AASB, Pending Abstracts are presented in the style and format expected to be used when the Abstracts are formally approved. The UIG intends that the contents of an ultimate Abstract will be the same as in its pending version, except where necessary to incorporate amendments made by another Abstract or a Standard subsequent to the release of the Pending Abstract. [N.B. Abstracts will be renamed Interpretations when issued.]