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How to recognize marketing costs and cost of goods?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › How to recognize marketing costs and cost of goods?

  • This topic has 1 reply, 2 voices, and was last updated 2 months ago by Stephen Widberg.
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  • November 19, 2022 at 5:16 pm #671874
    meharfatima23
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hello,

    I have a query. Let’s take the example of the Software development company. They use sales software like LinkedIn sales generator, clutch, etc, and some production-related tools like Jira and Asana. So how can I recognize their subscription costs that are incurred per year and the cost we pay to generate sales?
    What I understand is

    Sales software subscription and the marketing expense that is incurred will be part of the marketing and Advertisement head in the Income statement
    For production software, their subscription cost will be part of the cost of sales of the income statement.

    Am I right?

    November 19, 2022 at 5:46 pm #671878
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2848
    • ☆☆☆☆☆

    Subscription costs presumably in the P&L – is that what you are asking? You won’t be preparing a whole P&L in the exam, so I wouldn’t stress about which heading.

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