Management Salaries
Code: 5211
👁 Views: 169
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Salaries of management staff
Note: This account may be broken down into sub-ledgers as needed (e.g., customer/supplier/bank names or branches).
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 19
Employee Benefits
US GAAP
ASC 715
Compensation - Retirement Benefits
❓ Frequently Asked Questions
Q: What are management salaries?
A: Salaries of top management and administrative staff (general manager, financial manager, HR manager), considered an administrative expense.