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IAS 23 Borrowing Costs - A Closer Look


  • Muthupandian, K S


The International Accounting Standards Committee issued the the International Accounting Standard 23, Borrowing Costs. The objective of IAS 23 is to prescribe the accounting treatment for borrowing costs. This standard requires the capitalisation of all borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset. IAS 23 requires all borrowing costs capitalised as part of the cost of the asset, where the borrowing costs are directly attributable to the acquisition, construction or production of a qualifying asset. This article presents a closer look of the standard (objective, scope, definitions, capitalisation and disclosures).

Suggested Citation

  • Muthupandian, K S, 2009. "IAS 23 Borrowing Costs - A Closer Look," MPRA Paper 33627, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:33627

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    References listed on IDEAS

    1. Miguel A. Leon-Ledesma, 1998. "Economic Growth and Verdoorn's Law in the Spanish Regions, 1962-1991," Studies in Economics 9801, School of Economics, University of Kent.
    2. A. P. Thirlwall, 2007. "Regional Problems are "Balance-of-Payments" Problems," Regional Studies, Taylor & Francis Journals, vol. 41(sup1), pages 89-95.
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    More about this item


    International Accounting Standard; Borrowing Costs; Qualifying Assets; IAS 23; IASC; IASB; FASB;

    JEL classification:

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


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