[Erp5-users] Amortization in US and JP

[mitukaidou3 at yahoo.co.jp]

Hello Guillaume,

For financial reportiong in the US, there are not any specific guidelines on amortization/depreciation calculations, though general guidelines stressing the importance of properly recognizing expenses as an asset is exhausted do exist. However, both US governmental and tax accounting have very specific rules and categorizations which should be well documented at the authoritive sites (GASB and IRS). I will track down some links when I get a chance (I'm on the train commuting home at the moment)

In Japan, the tax authority has heavy infuence on financial reporting, so specific calculations rules do exist. However, I have had trouble finding proper online documentwtion even in Japanese! My department has an official manual, though, so when I get a breather from budgeting (my company has multi-billion dollar sales and does its budgeting in excel . . .), I will try to send you the most important categories and their associated calculations.

Cheers.

Ivan    



> Date: Wed, 09 Feb 2005 10:45:08 +0100
> From: Guillaume MICHON <guillaume.michon at e-asc.com>
> Subject: [Erp5-users] Amortisation system generisation
> To: erp5-users at erp5.org
> Message-ID: <4209DBA4.3020400 at e-asc.com>
> Content-Type: text/plain; charset=ISO-8859-1; format=flowed
> 
> Hello all,
> 
> I am in charge of generising the amortisation system in ERP5 in order to 
> make it available in any country by adding the fewest elements. But for 
> now, this system only works for France, and the best way to deduct the 
> common part of all methods is to have the maximum of them.
> 
> So what I need is to know amortisation methods in use in other countries 
> (mostly popular ones as well as rarely used ones). If you know a good 
> site or document on the amortisation rules in your country (in English 
> or French), please give me an url.
> 
> Thanks in advance.
> Best regards,
> 
> Guillaume