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Capitalize or charge out

 
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Capitalize or charge out
Schuaeb
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#11
11-05-2007, 08:17 PM
Dear Kamran,

Some clarifications are required regarding capitalization of expenses. I mean previously various companies were deferring their expenses before the start of normal profit and loss activities. The present revisions you say do not allow this. I am talking in the context of private companies. Which provisions of IFRS or companies ordinance allowed deferring of expenses? I am not very sure but I think I have seen expenses deferred in current year accounts of a company. (I will try to confirm things).

I thing this revision will require restatement of previous year. I actually want to know how all this will take place. I mean how would the accounts of a company look like which previously had not prepared its profit and loss account and is continuing the practice of deferring its expenses after netting off with income if any?
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Messages In This Thread
Capitalize or charge out - by Ahmadraza - 10-30-2007, 07:17 PM
[No subject] - by kamranACA - 10-30-2007, 07:53 PM
[No subject] - by Schuaeb - 10-30-2007, 11:36 PM
[No subject] - by kamranACA - 10-31-2007, 04:15 PM
[No subject] - by noman - 11-01-2007, 07:31 AM
[No subject] - by Ahmadraza - 11-01-2007, 06:41 PM
[No subject] - by Schuaeb - 11-01-2007, 11:54 PM
[No subject] - by Schuaeb - 11-02-2007, 12:31 AM
[No subject] - by kamranACA - 11-04-2007, 02:55 AM
[No subject] - by Ahmadraza - 11-05-2007, 03:01 AM
[No subject] - by Schuaeb - 11-05-2007, 08:17 PM
[No subject] - by kamranACA - 11-05-2007, 11:43 PM
[No subject] - by Schuaeb - 11-06-2007, 11:01 PM
[No subject] - by kamranACA - 11-07-2007, 01:31 PM
[No subject] - by Schuaeb - 11-07-2007, 10:07 PM
[No subject] - by kamranACA - 11-08-2007, 03:51 PM
[No subject] - by Schuaeb - 11-14-2007, 09:45 PM
[No subject] - by kamranACA - 11-14-2007, 10:01 PM
[No subject] - by Schuaeb - 11-18-2007, 12:34 AM

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