Expenditures eligible for capitalisation can be a quandary for accountants and auditors. It is also a topic of ASIC scrutiny. Don’t forget that revised auditing standard ASA 540 Auditing Accounting Estimates and Related Disclosures applies.
The session will:
- Examine the rules for intangible-asset recognition and disclosure
- Look at useful life and impairment determinations
- Discuss current issues such as renewable-energy certificates and cryptocurrencies
- Discuss examples of disclosures, and
- Identify the key points of ASA 540 Auditing Accounting Estimates and Related Disclosures.