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I have problem regarding recognition of an expense in Intangible assets

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › I have problem regarding recognition of an expense in Intangible assets

  • This topic has 0 replies, 1 voice, and was last updated 9 years ago by Avatarsara.
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  • February 5, 2017 at 5:50 pm #371219
    Avatarsara
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    • Topics: 14
    • Replies: 17
    • ☆

    Hey everyone,I was reading f7 bpp book and there is something which i couldnt understand at all from intangible chapter in Recognition of an expense topic

    Prepaid costs for services, for example advertising or marketing costs for campaigns that have been prepared but not launched, can still be recognised as a prepayment.

    what does that mean ? could someone please kindly help me with this and explain what they are trying to say as i am self studying and i have also some other few questions to ask from different chapters but i will make a separate topic for each question.

    i am waiting for your reply and thank you in advance.

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