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+--- Thread: Pre-operating Expnses (/showthread.php?tid=5406)
Pre-operating Expnses - kashifkhan44 - 02-12-2009
What is the IFRS in Pre- operating expnases in aggregate business.
- kamranACA - 02-12-2009
Dear,
I am sorry but the query raised by you cannot be understood properly.
Would you like to explain what do you want to know? There is a thread on this forum regarding pre-operting expenses, you can go through that thread as well.
Regards,
KAMRAN.
- awaisaftab - 02-12-2009
Dear Kashif
Pre operating expenses are also known as Pre Commencemetn Expenditures and preliminary expenses . I don't know their treatment under IFRS but according to I. Tax Ordinance 2001 the Pre Commencment Expenditure shall be amortized @ 20% per year by using straight line method.
Regards
Awais Aftab
- kamranACA - 02-12-2009
Please see following link
http//www.accountancy.com.pk/forum/topic.asp?topic_id=5233
Regards,