CERTYNEX IFRS ACADEMY

Quorvel funds a six-month certification course for its maintenance technicians. The technicians remain free to resign at any time. Management believes that the skills acquired will generate lasting productivity gains. How should the cost of this training be accounted for?

As an intangible asset, because the productivity gains are probable.

As an expense, because Quorvel does not have sufficient control over the skills acquired by its staff.

As an intangible asset amortised over the average length of service of the technicians trained in the entity.

As an expense only for the share of technicians who will leave the entity within the year.