The preparation for the 2024 exam season for intermediate accounting has officially begunIn the new examination season, we will take the opportunity to lay a solid accounting foundation.
Today's preview of the 24th exam season is less likely to change, and the content is:Chapter 4 – Intangible Assets, Intermediate Accounting Practice
1. Confirmation of expenditures in the research and development phases
1.Research phase expenditures
In-house R&D projectsThe expenses incurred in the research phase shall be fully expensed and included in the profit or loss for the current periodManagement fees
2.Development phase expenditures
In-house R&D projectsIf the expenditure in the development stage meets the conditions for capitalization, it shall be included in the cost of intangible assets, and if the conditions are not met, it shall be fully expensed and included in the profit or loss for the current periodManagement fees
TipsIn the exam, the questions usually give a clear indication of whether the capitalization conditions are met.
3.It is not possible to distinguish between expenditures in the research phase and in the development phase
Expenditures that cannot distinguish between the research and development phases should be fully expensed when incurred and included in the current profit or lossManagement fees
2. The cost of developing intangible assets in-house
Intangible assets formed by internal development activities, the cost of which is determined by:Directly attributable toThe creation, production and operation of the intangible asset in the manner intended by managementAll necessary expenditures are composed
The development costs of intangible assets are shown in the table below:
3. Accounting treatment of internal R&D expenditure
The R&D expenditure incurred by the enterprise in the development of intangible assets by itself is collected through the "R&D expenditure" account.
The specific accounting treatment of internal R&D expenditure is as followsShow.
Congratulations, most of the candidates who have surpassed most of the 24 exam seasons have preemptively studied the learning tasks of the 24 exam seasons, so the main task at this stage is to slowly ponder the knowledge points of this time and strive to understand them thoroughly!