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Technology Stocks : IFLY - travel sales on the web pure play
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To: blankmind who wrote (2992)12/30/1998 1:07:00 AM
From: Tom R. Clarksburg  Read Replies (1) of 4761
 
fOR YOUR INFORMATION = CAPITALIZING EXPENSES

COMPANIES CAPITALIZE EXPENSES IN ORDER TO CORRECTLY MATCH THE REVENUE THAT THOSE EXPENSES GENERATE AT THE RIGHT TIME. ON THE OTHER HAND, COMPANIES "EXPENSE" ITEMS WHEN THEY EXPECT TO DERIVE THE REVENUE FROM THOSE EXPENSES IMMEDIATELY(OR IN THE SAME QUARTER) ACCORDING TO US GAAP (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES), COMPANIES ARE ALLOWED TO CAPITALIZE IF THE BENEFITS OF THE EXPENDITURES ARE REALIZED IN FUTURE QUARTERS. BECAUSE OF THE NATURE OF SOME BUSINESSES, THEY ARE ALMOST OBLIGATED TO USE THIS ACCOUNTING TREATMENT.

NOW, US GAAP, DOES NOT ALLOW FIRMS TO CAPITALIZE EXPENSES WHICH GENERATE REVENUES IMMEDIATELY (SAME QUARTER)----THAT WOULD BE AGAINST us gaap'S MATCHING PRINCIPLE AND THEREFORE ILLEGAL----SOMETHING IFLY HAS NOT DONE!!!!!

THERFORE STOP HARPING ON THIS ISSUE JERKOFF!!!!
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