IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2015i4p79-85.html
   My bibliography  Save this article

Accounting of Financial Costs in the Company: Scientific and Practical Aspect

Author

Listed:
  • Lyudmyla Shkulipa

    (National Academy of Statistics, Accounting and Auditing, Kyiv, Ukraine)

Abstract

The article is devoted to explanation of the features of financial cost accounting. The financial cost accounting problematic issues are outlined which appear in case one loan is used for financing of several company goals. Financial cost capitalization procedure in domestic companies is discussed in accordance with the National Accounting Standard 31 'Financial costs'. Analysis and systematization of IFRS 23 'Borrowing costs' requirements for financial cost capitalization procedure were made. The features of financial cost accounting are shown on practical examples. The methods are grounded for calculation of borrowing cost amount. Pro and contra arguments are given concerning financial cost capitalization. The approaches are proposed to improvement of financial cost accounting methods, which would allow the management to obtain true information about the sources of cost formation in the company. The scientific and practical aspects of financial cost accounting discussed in the article would help the accountants to orientate themselves in problematic situations which may arise during borrowing cost capitalization.

Suggested Citation

  • Lyudmyla Shkulipa, 2015. "Accounting of Financial Costs in the Company: Scientific and Practical Aspect," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 79-85, December.
    • Handle: RePEc:iaf:journl:y:2015:i:4:p:79-85
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/329-oblik-finansovih-vitrat-na-pidpriemstvi-naukovo-praktichniy-aspekt.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/329/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial costs; cost capitalization; borrowing costs; qualification asset; interest costs; differences in exchange rates; financing;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2015:i:4:p:79-85. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.