expenditure in P/L
IA recogn. only IF: 1. IA will be available for
use/sale; 2. Intention to complete to use/sell; 3.
Ability to use/sell; 4. How IA will generate economic
benefits; 5. Availability of resources to complete IA;
6. Reliably measure direct expenditure.
Brands, mastheads, publishing
titles, customer lists not
recogn. as IA (IAS38.63)
Planning stage = Research stage
Graphical & content development:
Capitalised only if development cost
directly linked to prepare website for
intended use, IF not expense to P/L