IT Manager

Dear Sir,

  I just brought the IFRS charts 2014. I'm in the progress discussion with Fiannace officer to follow this standard but I having difficulty to understand the Account No. Notice that Account No consists of non-current & currect.

I do notice that at digit 5 also got - value.

May I know what does digit 5 & 6 - mean? 

Can you please advice?

Hope to hear from you soon.

 

Thank you and regards,

GY Teh

 

The two digits after the first hyphen denote a second dimension.  For example, on line 1002, Raw materials and consumables classified by nature can be also classified by function. 

 

 

 

In this case account 5.1.1.0.0.0-1.0-1 would be Raw materials and consumables (nature) also classified to Cost of sales (function)

 

 

 

Account 5.1.1.0.0.0-2.1-1 would then be Raw materials and consumables (nature) also classified as Distribution (function)

 

 

 

At many companies this second dimension is a department run as a second numerical series.

 

 

The last number after the second hyphen is used to distinguish.  If it has a zero value, this distinction is not made.  1 means its universal, 2 non-current and 3 current.

 

If you have any more questions I'll be glad to help.

 

Mladek

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