IAS 23: Borrowing Costs_en
FACULTY OF ECONOMICS & ADMINISTRATIVE SCIENCEs
ACCOUNTING DEPARTEMENT
Report About
IAS 23 Borrowing Costs
Prepared by:
Farah Jalal Abu Daqqa
Supervisor:
Dr. Emad Abu Shabaan
CONTENTS
PART 1 : Introduction & Review
1-1 IAS 23 decision tree – summary
1_2 Executive summary
PART 2 : Scope and definitions
2-1 Scope
2-2 Definition of borrowing costs
2-3 Cost of equity instruments
2-4 Definition of a qualifying assets
2-5 Assets measured at fair value
2-6 Exemption for certain types of inventories
PART 3 : Borrowing costs to be capitalized
3-1 Specific borrowings for a qualifying asset
3-2 General borrowings
3-3 Qualifying assets financed by a combination of general and specific borrowings
3-4 Exchange differences
3-5 Derivative gains or losses
3-6 Other practical issues
PART 4 : Period of capitalization
4-1 Commencement of capitalization
4-2 Suspension of capitalization
4-3 Cessation of capitalization
PART 5 : Group situations
5-1Separate and individual financial statements
5-2 Consolidated financial statements
PART 6 : Effective date and transition
6-1 Existing preparers with a previous policy of expensing borrowing costs
6-2 First-time adopters
Part :7
7_1 conclusion
7_2 references