Proposed statement of position : Reporting on the costs of start-up activities;Reporting on the costs of start-up activities; Exposure draft (American Institute of Certified Public Accountants), 1997, Apr. 22

Authors

American Institute of Certified Public Accountants. Accounting Standards Executive Committee

Files

Description

This Statement of Position (SOP) provides guidance on the financial reporting of start-up costs. It requires costs of start-up activities to be expensed as incurred. The SOP broadly defines start-up activities and provides examples to help entities determine what costs are and are not within the scope of this SOP. This SOP applies to all nongovernmental entities and is effective for financial statements for fiscal years beginning after December 15, 1997. Earlier application is encouraged in fiscal years for which financial statements previously have not been issued.

Publication Date

1997

Relational Format

Book

Keywords

Start-up costs -- Accounting -- Standards -- United States

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Recommended Citation

American Institute of Certified Public Accountants. Accounting Standards Executive Committee, "Proposed statement of position : Reporting on the costs of start-up activities;Reporting on the costs of start-up activities; Exposure draft (American Institute of Certified Public Accountants), 1997, Apr. 22" (1997). Exposure Drafts, Comment Letters, and Statements of Position. 629.
https://egrove.olemiss.edu/aicpa_sop/629