Pre-operating Expnses

[kashifkhan44]

What is the IFRS in Pre- operating expnases in aggregate business.

[kamranACA]

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]

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]

Please see following link

http//www.accountancy.com.pk/forum/topic.asp?topic_id=5233

Regards,