Guide to the General Index of Financial Information ... - New Learner

8452 Log yardbarker, bucking, clipper, log sorting, and sawing8453 Forestry costscutting, firefighting supplies, scaling, and silviculture8454 Logging road costsroad clearing, ploughing, and grating8455 Stumpage costs8456 Royalty costsroyalties paid to holders of copyrights, movies, patents,performing rights, and trademarks, found in cost ofsales8457 Freight in and dutycustoms and excise duty8458 Inventory write downrevaluation of inventory and inventory adjustments8459 Direct cost amortization of tangible assetsamortization of leasehold improvements and amountsreferred to as depreciation shown in cost of sales8460 Direct cost amortization of natural resource assetsamounts referred to as depletion shown in cost of sales8461 Overhead expenses allocated to cost of salesamounts reported under cost of sales that are normallyconsidered operating expenses8500 Closing inventory8501 Closing inventory – finished goods8502 Closing inventory – raw materials8503 Closing inventory – goods in processclosing inventory – work in progress8518 Cost of salesrepresents the sum of all cost of sales amounts8519 Gross profit/lossrepresents the net amount of Item 8089 – Total sales ofgoods and services, less Item 8518 – Cost of sales – mayalso be referred to as gross marginOperating expenses8520 Advertising and promotion8521 Advertisingcatalogues, media expenses, and publications8522 Donationscharitable donations, donations to the crown, andpolitical donations8523 Meals and entertainmenttickets (theatre, concert, athletic event, etc.)8524 Promotionbooths, demonstrations/presentations, displays,prospectus, samples, and seminars (given)8570 Amortization of intangible assetsamortization of intangible assets such as deferredcharges, goodwill (prior to 2002), patents, franchises,copyrights, trademarks, organization costs, and researchand development costs8571 Goodwill impairment lossapplies to 2002 and subsequent tax years8590 Bad debt expenseallowance for bad debts, allowance/provision fordoubtful accounts, bad debt, bad debt written-off,provision for bad debts, and reserve for bad debt8610 Loan lossesfor loans, mortgages, and other loan-type amountswritten off8611 Provision for loan lossesprovision/allowance for loan, mortgage, or credit losses8620 Employee benefitsassociation dues, clothing allowance, lodging, payrolldeductions/levies/taxes, and room and board8621 Group insurance benefitsmedical, dental, and life insurance plans8622 Employer’s portion of employee benefitsCanada Pension Plan, company pension plan,Employment Insurance, Quebec Parental InsurancePlan, and Workers’ Compensation8623 Contributions to deferred income planscontributions to a registered pension plan, deferredprofit sharing plan, employee profit sharing plan, andregistered supplementary unemployment benefit plan8650 Amortization of natural resource assetsamounts referred to as depletion8670 Amortization of tangible assetsamortization of leasehold improvements and amountsreferred to as depreciation8690 Insurancebonding, fire insurance, liability insurance, premiumexpenses, property insurance, and vehicle insurance8691 Life insurance on executivesinsurance policies where the beneficiary is thecorporation rather than the estate of the executive8710 Interest and bank chargesfinance charges, bank charges, and interest payments oncapital leases8711 Interest on short-term debt8712 Interest on bonds and debenturesamortization of bond discounts8713 Interest on mortgagesamortization of mortgage discount or expense8714 Interest on long-term debt8715 Bank charges8716 Credit card chargesinterest on credit cards8717 Collection and credit costs8740 Interest paid (financial institutions)8741 Interest paid on deposits8742 Interest paid on bonds and debentures8760 Business taxes, licences, and membershipsbeverage licences, business charges, motor vehiclelicences and/or registration permits, and trade licences8761 Membershipsdues and subscriptions8762 Business taxesbusiness tax, provincial capital tax (excludingNova Scotia and New Brunswick taxes on largecorporations), bridge tolls, gross receipt tax, health andeducation tax, hospital tax, permits, road tolls, and taxeson leases8763 Franchise fees8764 Government fees20www.cra.gc.ca