CERTYNEX IFRS ACADEMY

Glendor capitalises all its development expenditure, which meets the criteria from the start of the projects, and expenses its research expenditure. Its finance director believes no disclosure of R&D expensed is necessary. Is he right?

Yes: only entities that expense development are concerned.

Yes: the disclosure only covers capitalised expenditure.

No: the aggregate R&D recognised as an expense, here research, must be disclosed.

No: Glendor must also expense its development in order to disclose it.