IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/33627.html
   My bibliography  Save this paper

IAS 23 Borrowing Costs - A Closer Look

Author

Listed:
  • Muthupandian, K S

Abstract

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
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/33627/1/MPRA_paper_33627.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    International Accounting Standard; Borrowing Costs; Qualifying Assets; IAS 23; IASC; IASB; FASB;
    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:pra:mprapa:33627. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.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.