03-17-2009, 09:23 PM
Dear,
Please visit the following thread and go through my first post (overall second) on it
http//www.accountancy.com.pk/forum/topic.asp?topic_id=5233
Of course trial run should mean trial run and for capitalization of losses, a logic must be established as to how such losses could be treated as such.
Auditors should take care in such cases and regulators should take appropriate measures.
If some one has a proper logic and keeping in view the capacity scale of the project this figure of millions could be justified then there may not be an issue. However, we know that people at large tend to take undue benefits (of their own meaning) from such constitutive provisions and standards.
Regards,
KAMRAN.
Please visit the following thread and go through my first post (overall second) on it
http//www.accountancy.com.pk/forum/topic.asp?topic_id=5233
Of course trial run should mean trial run and for capitalization of losses, a logic must be established as to how such losses could be treated as such.
Auditors should take care in such cases and regulators should take appropriate measures.
If some one has a proper logic and keeping in view the capacity scale of the project this figure of millions could be justified then there may not be an issue. However, we know that people at large tend to take undue benefits (of their own meaning) from such constitutive provisions and standards.
Regards,
KAMRAN.
