OVERHEAD

/Tag:OVERHEAD

Treatment of under/over absorbed overheads

Good luck For All, Kindly Let me Know Is Any Indication of under/ over absorbed production overheads' treatment in IFRSs. If yes Then What And In which one. If Not Then What Is The Proper treatment? Regards Naveed

By |February 28th, 2009|IAS 2|1 Comment

About normal capacity

Dear all Can someone tell me how do you define normal capacity of IAS 2? In IAS 2, it said that normal capacity is the production expected to be achieved on average over a number of periods or seasons under normal circumstances. I am wondering how to caculate the normail capacity? ex: one machine can [...]

By |December 15th, 2008|IFRS|0 Comments

Preliminery expenses

Dear All, The Company was incorporated in Oct 2007.Could you please give your expert opinion on the treatment of preliminary expenses (Revenue generation is not yet started) e.g. rent, salary, traveling etc. incurred during Oct 2007- Aug 2008. Please reply in reference to IFRS. Revenue is expected in Sept 2008. In my view, preliminary expenses [...]

By |December 15th, 2008|IFRS|0 Comments

Fixed vs Variable Wage Expense

Hello all, Our company is operating in aircraft maintenance, repair and overhaul (MRO) sector. Wages are paid to the direct&indirect blue collar employees on monthly basis, regardless of how much man/hour spent. But overtime is paid for the excess time charged. Regarding the classification of wages paid to the blue collar as fixed and variable, what do you [...]

By |August 28th, 2008|IAS 2|0 Comments

Software capitalization

Hello, Does anyone know where the best place to find information on capitalizing internal software development under IFRS?  Any links?  Which IAS/IFRS standard is this covered under? Thanks in advance for the help! You raise an interest topic David,  I would like to see the view of others In the meantime page 56 of the [...]

By |August 28th, 2008|IFRS|0 Comments