Training Expense
Code: 5254
👁 Views: 60
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Employee training and skills development expense
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 38
Intangible Assets
US GAAP
ASC 720
Other Expenses
❓ Frequently Asked Questions
Q: How is training expense recorded?
A: Dr. Training Expense, Cr. Bank or Accounts Payable.