Intangible assets – a capital issue

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. When was IAS 38, Intangible Assets, introduced?

  2. What will ACCA's new report focus on?

  3. Which type of intangible asset has demonstrated high capitalisation rates?

  4. What percentage of companies surveyed by ACCA in 2019 did not capitalise research and development?

  5. Under IAS 38, how many criteria must be met before expenditure can be capitalised?

  6. Which recent standard revision did not lead to an expected rise in capitalisation, suggesting that IAS 38 was an obstacle?

  7. Which IFRS Standard helps companies judge what exploration and evaluation expenditure to capitalise?

  8. Which organisation may collaborate with the IASB in a review of IAS 38?

  9. Which of the following is NOT suggested in the article as a possible revision to IAS 38?

  10. Which of the following is NOT a method of improving research and development disclosure?

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