IFRS Financial Statement Notes?
Where can I find guidance on what should be included in the follow-up to the financial statements for IFRS.I'm preparing financial statements for a recently incorporated company.
Answers: The relationship leads you to the Deloitte model financial statements for 2007 and 2006
Item wont ship to australia, is at hand a company that you can distribute product to and they ship it.?
well i want to buy a product from america which is plentifully cheaper. But they dont ofter shipping outside the states. Is there a company that you put contained by there details within the shipping form and they send it to you from the states?Answers: yes, its call UPS and FedEx. Unless its a product that only American can enjoy, which I doubt, cuz i don't think near is such a thing... unless its approaching fireworks or drugs or something like that. And most companies enjoy international shipping options surrounded by the US, because UPS and FedEx work like a charm.
In accounting, how do you 'capitalise an expense'?
this i believe changes position of an entity by classifying an item of expenditure as an asset and not an expenseAnswers: You only just pass a log entry:
Dr Asset xxx
Cr Expense xxx
for e.g. you may want to capitalise interest charges on a project as part of the project cost, contained by which case you:
Dr Construction within progress
Cr Interest expense
when any item of expenditure is not written off from the profits, but directly results contained by addition to the expediency of asset or rather, shown within the balance sheet as a miscellaneous expenditure, it ability the expense has be capitalised.