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intangible asstes

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › intangible asstes

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • November 26, 2010 at 10:34 pm #46285
    jatinkalra
    Member
    • Topics: 12
    • Replies: 11
    • ☆

    sir
    if in a question it is given that there was a mistake by the management that it expensed some development expenditure…where as it now want to change the accounting policy and want to capitalise it…the expenditure is qualifing…
    is he allowed to rectify his accounts as you can with a normal prior period errors or changes in acc. policy?
    regards
    jatin

    November 27, 2010 at 10:47 am #71786
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23314
    • ☆☆☆☆☆

    not only allowed to, the fin stats must be amended.

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