Accountingforintangibles无形资产剖析.ppt

Copyright ? 2010 McGraw-Hill Australia Pty Ltd PPTs to accompany Deegan, Australian Financial Accounting 6e 8-* Research and development (cont.) Additional key issues Where the total of the deferred development costs exceeds the expected recoverable amount, the deferred costs must be written down to the recoverable amount Expenditure written off in one period may not be subsequently written back onto the statement of financial position (balance sheet). General principle (AASB 138, par. 71): Expenditure on an intangible item that was initially recognised as an expense shall not be recognised as part of the cost of an intangible asset at a later date Copyright ? 2010 McGraw-Hill Australia Pty Ltd PPTs to accompany Deegan, Australian Financial Accounting 6e 8-* Research and development (cont.) Requirement to write off all research expenditure as incurred Will result in much research activity that in fact does lead to subsequent economic benefits nonetheless having to be written off Major implications for reported profits of entities that are heavily involved in RD Less conservative than US position, where all research and development expenditure must be expensed as incurred regardless of whether or not it generates, or is expected to generate, economic benefits Research and development (cont.) Examples of directly attributable costs are: costs of materials and services used or consumed in generating the intangible asset costs of employee benefits (as defined in AASB 119 ‘Employee Benefits’) arising from generation of the intangible asset fees to register a legal right amortisation of patents and rights that are used to generate the intangible asset Refer to Worked Example 8.4 on page 26—Amortisation of research and development Copyright ? 2010 McGraw-Hill Australia Pty Ltd PPTs to accompany Deegan, Australian Financial Accounting 6e 8-* Copyright ? 2010 McGraw-Hill Australia Pty Ltd PPTs to accompany Deegan, Australian Financial Accounting 6e 8-* Research and