(IAS 38) Intangible assets: 

- Establishes criteria for recognizing and measuring intangible assets: (non-physical assets like patents and trademarks).

- Provides guidance on amortization and impairment of intangible assets.

- Ensures transparency in financial reporting with required disclosures about intangible assets.

(IFRS 5) non-current assets held for sale & discontinued operations

- Sets criteria for classifying assets as "held for sale" and ensures they are measured at the lower of carrying amount or fair value minus costs to sell.

- Provides guidance on presenting discontinued operations separately in financial statements.

- Improves clarity and comparability by requiring clear presentation and disclosures for non-current assets held for sale and discontinued operations