CERTYNEX IFRS ACADEMY

Fauscot has always included freight on purchases of goods in the cost of inventories. For a new supplier with similar deliveries, the accountant proposes expensing these costs directly. What should be done?

Expense the costs if the supplier is foreign, whatever the nature of the deliveries.

Expense the costs, since each supplier may follow its own policy.

Apply the same treatment as for the other similar purchases.

Choose the simplest treatment for each new delivery.