Page 141 - F3 -FA Integrated Workbook STUDENT 2018-19

Intangible assets

Disclosure requirements

The financial statements should disclose the following for capitalised development
costs:

 the amortisation method used and the expected period of amortisation

 a reconciliation of the carrying amounts at the beginning and at the end of the
period, showing new expenditure incurred, amortisation and amounts written off
because a project no longer qualifies for capitalisation, and

 amortisation charged during the period.

In addition, the financial statements should also disclose the total amount of research
and development expenditure recognised as an expense during the period.

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