Headquartered in Rome, Italy Finmeccanica S.p.A. is a multinational conglomerate operating in the defense and aerospace sectors.

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Headquartered in Rome, Italy Finmeccanica S.p.A. is a multinational conglomerate operating in the defense and aerospace sectors. The company uses IFRS for its financial reports and disclosed the following in its annual report:image text in transcribed

Required

a. How are R\&D costs accounted for under IFRS?

b. For each of the three energy sector R\&D items described above, determine if the item meets the criteria for capitalization under IFRS.

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