more-arw search

Q&A Forum

Accounting Treatment for NRE

Yin Kean  Chin's Profile

When we are incurring NRE for a customer, do we take that to the Balance Sheet and amortise it over the period of time upon customer issuing PO's? Thanks.

Answers

Damon Butler
Title: CFO
Company: The Protective Group, Inc.
(CFO, The Protective Group, Inc.) |

In US GAAP development costs are expensed as incurred so you would need to run the costs through the P&L as they occur. iFRS gives more flexibility on this issue.

2059 views
Topics

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.