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IFRS 15

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 15

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.
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  • October 15, 2018 at 1:08 pm #478459
    alqadami
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    If the costs incurred in fulfilling a contract with a customer are not within the scope of another standard (in our case direct salary costs), when it can be expensed as incurred? Are their any way to avoid capitalising it?

    What is meant by the standard by the costs are expected to be recovered?

    October 20, 2018 at 8:48 am #479270
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7217
    • ☆☆☆☆☆

    Hi,

    Why would you wish to avoid capitalising these costs? I think that you’ll find that the costs are within the scope of another standard. The salary costs would be under IAS 19 for example.

    Thanks

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