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Intangibles - Example 3 - ACCA Financial Reporting (FR)

7 Comments

  1. Emmanuel
    Hello Sir
    How will the amortization be calculated and also the related accounts?
    Thanks
  2. Faisal
    Hi

    Why did you stop at end December 2015 when calculating the development costs should it be mid 2016 as that is when the drug is going to be complete?
  3. Mitra
    Question asked for financial statement for year ended 20X5
  4. Alice
    Can intangibles be revalued downwards without an active market?
  5. P2-D2Tutor
    Yes, as they may be impaired, but we'd just have to look at the value in use as there is no fair value.
  6. kevinjohnthomson
    Only these kinda questions will come for the exams? Cause in a study book of mine it's a much broader topic,please respond if u can
  7. P2-D2Tutor
    Hi,

    It isn't stated that this the only kind of question in the exam. Intangibles can be tested as a MCQ in part A and/or part B, whilst it can also appear as part of a published company accounts question in part C.

    Thanks

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