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FRS 10: Goodwill and intangible assets

The accounting standard FRS 10 ensured that reporting entities charged purchased goodwill and intangible assets to their profit and loss accounts in the period in which they are depleted. Intangible assets and goodwill are covered by Section 18 Section 19 of FRS 102 under new UK GAAP.


This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015.

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Full-text standard

Financial Reporting Standard 10: Goodwill and Intangible Assets
This is the full text of the original standard as issued by the Accounting Standards Board in December 1997.


Goodwill and Intangible Assets
Summary from the Financial Reporting Council.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

Guides and publications

Valuation of Intangible Assets (Revised 2011)
Guidance note published by the International Valuation Standards Council in 2011.

New sources of growth: Intangible assets
OECD information on intangible assets, including updates on a project to improve the measurement of intangible assets at a macroeconomic and firm level. Updated in September 2011.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

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