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IAS 38

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 38

  • This topic has 2 replies, 2 voices, and was last updated 5 years ago by Avatarminhhanghvtc.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 14, 2020 at 5:24 pm #576808
    Avatarminhhanghvtc
    Participant
    • Topics: 5
    • Replies: 8
    • ☆

    Dear sir, what is the accounting treatment to development cost which was capitalized in the previous accounting period but in the current period, the project no longer meets the criteria in accordance with ias 38

    July 15, 2020 at 8:45 am #576861
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    We would no longer capitalise the costs and the costs that have been capitalised would be subject to an impairment review.

    Thanks

    July 16, 2020 at 4:08 pm #576998
    Avatarminhhanghvtc
    Participant
    • Topics: 5
    • Replies: 8
    • ☆

    thanks for your help <3

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