Introduction 3 Accounting for Brands 3 Brands Accounting 3 Difficulties for Standard Setters 3 Accounting for Goodwill 3 Requirement (a) 3 Requirement (b) 3 Accounting for Restructuring Provision 4 Requirement (a) 4 Requirement (b) 4 Requirement (c) 4 Conclusion 4 References 5 Introduction Accounting standards refer to the collective set of procedures, principle and standards that help in providing the definition of the basis of financial accounting procedures and policies. Accounting for Brands Brands Accounting According to AASB 138 Intangible Assets