What is the relevant IAS / IFRS for initial operation losses incurred by the company and its treatment.?

Question

Could you please tell me how initial operating losses of company are treated in accordance with IFRS. Reference of IAS/IFRS  is required.

Answer 1

Are you referring to per-operational costs? They have to be expenses as and when incurred as per IAS 38.69 "

"expenditure on start-up activities (ie start-up costs), unless this
expenditure is included in the cost of an item of property, plant and
equipment in accordance with IAS 16. Start-up costs may consist of
establishment costs such as legal and secretarial costs incurred in
establishing a legal entity, expenditure to open a new facility or business
(ie pre-opening costs) or expenditures for starting new operations or
launching new products or processes (ie pre-operating costs)."