tailieunhanh - Tiếng anh chuyên ngành kế toán part 42

398 Planning and Forecasting 4. Among costs deferred by EP were research and development. These costs must be expensed as incurred under . GAAP. 5. The line item for “Pension and other post-retirement benefits” highlights the current consistency between Portuguese and . GAAP in recognizing the associated expense. However, the adjustment in Exhibit , shareholders’ equity reconciliation, reveals a continuing difference in the recognition of the associated benefit liability. EP had recognized a larger liability, and charged this amount against shareholders’ equity, than would be required under . GAAP. This explains the increase in shareholders’ equity in Exhibit . 6. Prior.