Intangible assets – a capital issue

When was IAS 38, Intangible Assets, introduced?

1979

1983

1978

1987

What will ACCA's new report focus on?

How companies deal with software development costs

Companies that recognise intangible assets in their research and development disclosures

How companies deal with extractive activities costs

Companies that do not recognise intangible assets in their research and development disclosures

Which type of intangible asset has demonstrated high capitalisation rates?

Oil, gas and mineral exploration

Intellectual property

Software development costs

Databases

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

60 percent

70 percent

40 percent

50 percent

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

Six

Seven

Four

Five

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

IAS 37

IAS 16

IFRS 3

IFRS 16

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

IFRS 7

IFRS 5

IFRS 8

IFRS 6

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

Financial Reporting Council

Financial Accounting Standards Board

International Integrated Reporting Council

International Sustainability Standards Board

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

Review of the criteria for capitalising research and development expenditure

Removal of inconsistencies with other standards

Combining IAS 38 with other standards

Improved disclosure of research and development activities

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

Placing development costs into different categories

Separating research and development expense into pure research or costs that did not meet capitalisation criteria

Keeping all research and development expenses in one category

Disaggregating cumulative costs to the point a project begins capitalisation

Intangible assets – a capital issue

When was IAS 38, Intangible Assets, introduced?

What will ACCA's new report focus on?

Which type of intangible asset has demonstrated high capitalisation rates?

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

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

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

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

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

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

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

You scored

0

out of

0

Test passed. Enter your details to download your certificate. Your certificate will also be sent to you by email.

Our sites

Useful links

Using this site

Contact us

Planned system updates