In the “As Spent” view of expenses, expenses are spread from the Start Date to the End Date

In the “IFRS / GAAP” view of expenses, the expenses are spread as above, but any expenses allocated to a period prior to the bill issue date is allocated to the month of issue.

• The IFRS / GAAP view before accruals is always used for purposes of prepayment journals as only costs allocated to future dates are relevant for prepayment
• Once accrued, back-dated costs are the same in both IFRS / GAAP and As Spent views on the reports including accruals.