General AND Administrative.
Overhead costs not related to production directly.
It could refer to all operating expenses excluding interest, depreciation and amortization, but I think it means in this case overhead due to administration, management and office. So advertising for employees, utility bills, rent, telephone, staff salaries at head office and plant office, office furniture, promotional expenses, turning out company report, accounting, legals, as long as they related to management activities. As long as it is not related to production. It is a cost accounting term to determine what is production versus command and control. Sometimes in joint ventures and net profits agreements it is necessary to identify it within narrow terms, so it is set at a particular percentage. The defining part of its whether or not it is directly related to production. It is hard to separate because without administration you cannot run a business. The amount you need, as in training. is an unknown until operations are mature.
If it includes commissions, travel, entertainment, selling, etc, is called SG & A.
You also get into allowable and unallowable costs. This is really confusing, as both are G and A, or overhead, but some can be deducted and some cannot.
EBITDA is the sound a gross frog makes. It is non GAAP.
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