Capital Markets & Investment Certifications (NISM & CFA Level 1)

Financial Statement Analysis question bank (Ethical Standards & Financial Analysis (CFA))

Practice 5,054 free Capital Markets & Investment Certifications (NISM & CFA Level 1) Ethical Standards & Financial Analysis (CFA) - Financial Statement Analysis questions with answers and step-by-step solutions.

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Q1.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #1] Under IFRS, how are research costs and development costs treated respectively?

(A)

Both research and development costs must be capitalized as intangible assets

(B)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(C)

Both research and development costs must be expensed immediately under all circumstances

(D)

Research costs are capitalized while development costs are expensed

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Q2.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #2] Under IFRS, how are research costs and development costs treated respectively?

(A)

Research costs are capitalized while development costs are expensed

(B)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(C)

Both research and development costs must be expensed immediately under all circumstances

(D)

Both research and development costs must be capitalized as intangible assets

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Verified Answer & Solution Locked

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