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    sk.premachandra's Avatar
    sk.premachandra Posts: 1, Reputation: 1
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    #1

    Sep 7, 2010, 04:08 AM
    Accounting treatment for preoperational expenses
    Accounting treatment for preoperational expenses
    hnymyes's Avatar
    hnymyes Posts: 2, Reputation: 1
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    #2

    Sep 7, 2010, 04:31 AM
    You must also see what your local laws require, if you are not from Pakistan as I do not know what is the requirement of your legislature at Philippines. You must know that local laws always override/overrule the international standards and requirements.
    South Beach Smoke
    hamzashakaa's Avatar
    hamzashakaa Posts: 161, Reputation: 8
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    #3

    Sep 7, 2010, 12:51 PM

    Preoperating and start up costs should be expensed as incurred under IFRS
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    Sep 7, 2010, 03:43 PM

    Same under GAAP. I don't think there's any differences on this rule.

    (Though it is true that some localities don't follow international standards -- some places just don't have strict rules, but I doubt anyone around here would know those. So we either follow the international standards or U.S. standards.)
    Barnaba's Avatar
    Barnaba Posts: 2, Reputation: 1
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    #5

    Sep 4, 2012, 03:55 AM
    What do we meen by say CAPITALIZATION
    Barnaba's Avatar
    Barnaba Posts: 2, Reputation: 1
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    #6

    Sep 4, 2012, 03:59 AM
    Hu
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #7

    Sep 4, 2012, 06:58 AM
    Quote Originally Posted by Barnaba View Post
    What do we meen by say CAPITALIZATION
    I think you just done it, seriously to capitalise startup costs means to carry them forward and amortise them over time
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