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Dev. Costs

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Dev. Costs

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  • November 1, 2017 at 6:18 am #413924
    abdulbasit16
    Member
    • Topics: 165
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    Sir Recognising development costs as an asset if recognition criteria is met is a requirement or an option?

    November 5, 2017 at 8:55 pm #414465
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7142
    • ☆☆☆☆☆

    Hi,

    You must capitalise once the criteria are met, it was an old requirement in IAS 38 where it was optional but that no longer exists. Companies must capitalise the development costs now.

    Thanks

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