a. distinguish between costs that are capitalised and costs that are expensed in the period in which they are incurred;

c. explain and evaluate how capitalising versus expensing costs in the period in which they are incurred affects financial statements and ratios;

b. compare the financial reporting of the following types of intangible assets: purchased, internally developed, acquired in a business combination;

f. describe the different amortisation methods for intangible assets with finite lives and calculate amortisation expense;

g. describe how the choice of amortisation method and assumptions concerning useful life and residual value affect amortisation expense, financial statements, and ratios;

d. describe the different depreciation methods for property, plant, and equipment and calculate depreciation expense;

e. describe how the choice of depreciation method and assumptions concerning useful life and residual value affect depreciation expense, financial statements, and ratios;

h. describe the revaluation model;

i. explain the impairment of property, plant, and equipment and intangible assets;

j. explain the derecognition of property, plant, and equipment and intangible assets;

k. explain and evaluate how impairment, revaluation, and derecognition of property, plant, and equipment and intangible assets affect financial statements and ratios;

l. describe the financial statement presentation of and disclosures relating to property, plant, and equipment and intangible assets;

m. analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets;

n. compare the financial reporting of investment property with that of property, plant, and equipment;

o. explain and evaluate how leasing rather than purchasing assets affects financial statements and ratios;

p. explain and evaluate how finance leases and operating leases affect financial statements and ratios from the perspective of both the lessor and the lessee.