October 21, 2018

Archives for February 12, 2018

How do you account for a new idea in external financial statements? (part 3)

In the first two blogs in this series, using the example of an entrepreneur’s expenditure on building a prototype and applying for a patent, I discussed firstly the issue of distinguishing capital from revenue expenditure and secondly whether, if it was capital expenditure, it was tangible or intangible and how to include the expenditure in […]