ACCA讲义：ACCA f7讲义主要有哪些内容？-高顿教育ACCA培训机构官方网站

ACCA讲义：ACCA f7讲义主要有哪些内容？

2016年04月05日
11:35
作者：高顿财经
来源：高顿财经
阅读：（87）

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摘要：点击免费领取： ACCA学习资料大礼包 Question 2 Myriad has recently adopted the use of IAS and a review of its existing policy of prudently writing off of all development expenditure is no l...

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　　Question 2

　　Myriad has recently adopted the use of IAS and a review of its existing policy of prudently writing off of all development expenditure is no longer considered appropriate under IAS38 Intangible Assets. The new policy, to be first applied for the financial statements to 30 September 2005, is to recognize development costs as an intangible asset where they comply with the requirements of IAS38. Amortization of all ‘qualifying’ development expenditure is on a straight-line basis over a four-year period (assuming a nil residual value). Recognized development expenditure ‘qualifies’ for amortization when the project starts commercial production of the related product.

　　The amount of recognized development expenditure and the amount qualifying for amortization each year is as follows:

　　mount recognized　Amount qualifying

　　As an asset　　　for amortization

　　$000　　　　　　　　$000

　　In the year to 30 September 2003　420　　　　　　　　　300In the year to 30 September 2004　250　　　　　　　　　360In the year to 30 September 2005　560　　　　　　　　　4001230　　　　　　　　1060

　　No development costs were incurred by Myriad prior to 2003.

　　Assuming accumulated profits on 1 October 2003 is $1 million.

　　Changes in accounting policies should be accounted for in accordance with IAS8 Accounting Polices, Changes in Accounting Estimates and Errors.

　　Required:

　　Prepare extracts of Myriad’s financial statements for the year to 30 September 2005 including the comparative figure to reflect the change in accounting policy.

　　Solution:

　　Income statement year to:

　　30 Sept, 2005　30 Sept, 2004 (restated)

　　$000　　　　　　　　　$000

　　Amortization　　　　　265　　　　　　　　　　165Balance sheet as at:

　　Intangible non-current assets

　　Development

　　expenditure – cost　　1230　　　　　　　　　670- Amortization (505)　　　　　　　(240)

　　- NBV　　　　　　725　　　　　　　　　430Accumulated profit 1 October2003　　　　　　　　　　1000Prior period adjustment　　　　　　　　　　　　　　　345Accumulated profit 1 October 2003 (restated)　　　1345Working:

　　Amortization of development expenditure each year:

　　2003 300/4=75

　　2004 (300+360)/4=165

　　2005 (300+360+400)/4=265

　　In accordance with IAS8 the change in accounting policy should be applied retrospectively as if the new policy had always existed, which involves restating the comparative accounts and the retained profits b/f in the comparative accounts. The amount of the prior period adjustment would be the net book value of the development expenditure of $345000 (420000 – 75000) that would have been included in the balance sheet at 30 Sept, 2003.

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