Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

Free
Message: Treatment of Interest Expense

The requirement to capitalize interest during the period of construction of large projects is required by GAAP (Generally Accepted Accounting Principles) and must be followed  by all companies (at least any companies that trade on stock exchanges).  In fact to expense them is against the rules and gives a misleading operating cash flow and thus would mislead investors.

Share
New Message
Please login to post a reply