Let us compare GAAP with the International Financial Reporting Standards (IFRS). Under IFRS rules, research spending is treated as an expense each year, just as with GAAP. By contrast, though, development costs can be capitalized if the company can prove that the asset in development will becom...
Conceptually, the depreciation expense in accounting refers to the gradual reduction in the recorded value of a fixedasseton the balance sheet from “wear and tear” with time. The recognition of depreciation is mandatory under theaccrual accountingreporting standards established byU.S. GAAP (FASB). ...
It can only be applied when there is a confirmation that an invoice won’t be paid for, which takes a lot of time. The method also doesn’t align with the GAAP accounting standards and the accrual accounting matching principle. Direct Write-offs are more suitable for small transactions. 2....
Un-appropriated earnings increased to NT$7.91bn from NT$1.33bn, the balance at the end of 2012 under R.O.C GAAP, due to the adjustments from adopting IFRS-fair value method starting 2013. Ratio Analysis 1Q12 70% 1Q13 financial ratios regarding solvency ability 58.8 were stable. 13% ...