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Ias 38 development costs

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Ias 38 development costs

  • This topic has 3 replies, 4 voices, and was last updated 7 years ago by MikeLittle.
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  • October 26, 2015 at 8:26 pm #279125
    ammardar
    Member
    • Topics: 16
    • Replies: 51
    • ☆☆

    Hi sir mike, i jst want to knw abt research and most importantly development cost …what is development cost? .if we say that this is a cost to develop a product (tangible product), will it be right?,can u give me its easy example i always find it hard to understand development cost

    October 26, 2015 at 8:31 pm #279126
    icanexam
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    I think development cost is associated with intangible asset. It is capitalised in the financial statement if it meets the recignituon criteria. One the criticAl recognition criteria is its technical feasibility.

    October 31, 2015 at 8:26 pm #279842
    seanog91
    Member
    • Topics: 83
    • Replies: 54
    • ☆☆

    IAS 39 relates to Research and development costs. The development stage of the R&D can only be capitalised if future cash flow growth can be achieved or the asset is going to be sold. The research stages can not be capitalised.

    November 3, 2015 at 9:46 pm #280392
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22705
    • ☆☆☆☆☆

    All of this is detailed in the course notes!

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