- This topic has 1 reply, 2 voices, and was last updated 8 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
The main issue is auditing fhe decision to capitalise/write off.
To capitalise:
The expenditure must be clearly identified (trace to invoices and ensure the amounts have gone to specific projects)
The development must be technically feasible (inspect reports and talk to developers; inspect prototypes; inspect board minutes.).
The company must have the financial resources to complete development (inspect budgets and cash flows).
The project must result in a revenue stream and profit (inspect budgets, talk to sales people, inspect board minutes etc).
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.