2418798
Beschreibung
Mindmap von Ahmed Noor, aktualisiert more than 1 year ago
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Erstellt von Ahmed Noor
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IAS23 Borrowing Costs
- Definition
- Borrowing Costs are interest and other costs that
an enitity incurs in connection with the borrowing
of funds.
- Borrowing Costs Include
- Costs calculated using the effective
interest method such as:
- * interest on bank overdrafts and
on short-term and long-term
borrowing
- * discounts an premiums
related to borrowings
- * ancillary costs incurred in connection with
the arrangement of borrowings
- * interest on bank overdrafts and
on short-term and long-term
borrowing
- Finance charges in respect to finance
leases
- Costs calculated using the effective
interest method such as:
- Borrowing Costs Include
- Borrowing Costs are interest and other costs that
an enitity incurs in connection with the borrowing
of funds.
- Qualifying Asset
- Definition
- Qualifying Asset is an asset that necessarily takes a
substantial period of time to get ready for its intended
use or sale. Depending on the circumstances, any of the
following may be qualifying assets.
- Intangible Assets
- Investment Properties
- Inventories (However, inventories produced over a short
period of time are not qualifying assets).
- Intangible Assets
- Qualifying Asset is an asset that necessarily takes a
substantial period of time to get ready for its intended
use or sale. Depending on the circumstances, any of the
following may be qualifying assets.
- Definition
- Accounting Treatment of Borrowing Costs
- IAS23 requires that borrowing costs that are directly attributabe to the
acquisiton, construction or production of a qualifying asset should be
capitalised as part of the cost of that asset. Other borrowing costs should
be recognised as an expense in the period in which they are incurred.
- IAS23 requires that borrowing costs that are directly attributabe to the
acquisiton, construction or production of a qualifying asset should be
capitalised as part of the cost of that asset. Other borrowing costs should
be recognised as an expense in the period in which they are incurred.
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