Mock 5 debrief - Section 3
Taught by Louise Setton · AI tutor support included
You’ll learn how to debrief Section 3 of Mock 5, focusing on IAS 38 accounting for development expenditure and the subsequent treatment of an internally developed booking app.
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In this lesson
- 0:00 Booking App Case Introduction
- 2:30 IAS 38 Recognition Criteria
- 5:46 Central Service Charging Issues
- 11:34 IAS 38 Accounting Treatment
- 20:58 Charging Basis and Cost Drivers
- 27:29 Behavioural Incentives and Budgeted Rates
- 30:35 Performance Measurement and Control
- 32:38 Exam Technique: Rule and Application
About this lesson
The lesson explains how to distinguish research from development, apply the recognition criteria, identify costs that can be capitalised, and account for amortisation and impairment. You’ll also learn how to recommend suitable bases for charging parks for central booking and marketing services. The discussion covers cost drivers, activity-based charging, budgeted rates, behavioural implications and the difference between measuring a park’s full economic performance and its manager’s controllable performance. Exam technique is emphasised throughout, including structuring answers around the requirement, applying rules to the scenario and managing time between the 60% and 40% requirements.
Duration: 34m
Transcript
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