Resolution of Institute of Accounting and Audit by establishing criteria for determining the cost of production (III)
DOI:
https://doi.org/10.51302/rcyt.2015.4993Keywords:
activation financial expensesAbstract
Last April 23, 2015 the Resolution of the Institute of Accounting and Account audit by which criteria are established for the determination of the cost of production was published in the Official Bulletin of the State.
The resolution tries to delimit and establish the criteria to quantify the cost of production, by means of the development of the above-mentioned procedure of record and valuation of the PGC and, at the same time, to gather and clarify the criteria to determine the cost of production included in the different sectorial adjustments of the PGC and in the resolutions and consultations issued by this Institute.
In this third part of the work the analysis of the capitalization of financial costs in inventories and the fixed assets is performed.