openerp-expert-accounting team mailing list archive

[Jean-Charles DRUBAY <jcdrubay@xxxxxxxxx>]

+1

Jean-Charles
@ AllAboutMuine.com
On Jan 21, 2013 8:41 AM, "Eric Caudal" <eric.caudal@xxxxxxxxxxxxxx> wrote:

>  Currently our taxes are included in price for the calculation in PO but
> VAT should not be included in cost/.
>
> I would vote to add a check box in the tax definition: "Included in cost"
> and depending on this check box it would take it or not into consideration.
>
> Any other feedback?
>
>  Eric Caudal*CEO*
> --*Elico Corporation, Shanghai branchOpenERP Premium Certified Training Partner *
> Cell: + 86 186 2136 1670
> Office: + 86 21 6211 8017/27/37
> Skype: elico.corperic.caudal@elico-corp.comhttp://www.elico-corp.com
>
> [image: Elico Corp]
> On 01/21/2013 03:43 AM, Bojan Markovic wrote:
>
> Hi again.
>
> I've actually found out that English language (and few others) IAS are
> actually freely downloadable from the IFRS page (http://www.ifrs.org)
> i.e. that the registration on the site doesn't require paid membership, in
> fact it doesn't even have email verification.
>
> Here is the original English IAS-2, art.11 c/p verbatim:
>
> *The costs of purchase of inventories comprise the purchase price, import
> duties and other taxes (other than those subsequently recoverable by the
> entity from the taxing authorities), and transport, handling and other
> costs directly attributable to the acquisition of finished goods, materials
> and services. Trade discounts, rebates and other similar items are deducted
> in determining the costs of purchase.**
> *
>
>
> Here is the download page:
>
> http://www.ifrs.org/IFRSs/Pages/IAS.aspx
>
> Regards,
>
> On 20.01.2013 12:55, Eric Caudal wrote:
>
> I understand that the purchase price must include all costs (and import
> duties or transport/forwarder fees should be considered in it ) but I would
> say the VAT is not a cost as it has to be supported by the final consumer.
> On 01/20/2013 06:41 PM, Bojan Markovic wrote:
>
> While this would obviously greatly depend on legislature, International
> Accounting Standards and most legislatures I'm familiar with are such that
> warehouse stock (and therefore by extension average procurement price) is
> evidented that all the costs of procurement are included in stock price
> incl. transportation and customs costs and all taxes, apart from those that
> can be retrieved back (like sales tax and/or VAT). -- IAS 2 - article 11.
>
> I only have them in Croatian so the original English text might differ a
> bit.
>
> On 20.01.2013 10:47, Eric Caudal wrote:
>
> Hi,
> When we purchase a product price tax included, the average price is
> calculated with taxes.
> It seems to me weird (cost price should never include taxes) but is there
> any accounting expert to enlighten this topic?
> Best regards
>
>
>
>
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