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IAS 23Borrowing Costs

IAS 23Chapter 2Lesson 1

IAS 23: scope and exemption

Step 1 of 6Learning objectives

Go deeper+1 point of attention

What the standard covers, the end of the option to expense and the assets for which the entity is not required to apply the standard.

15 minNot started

Learning objectives

  • Place the scope of IAS 23.
  • Explain that capitalisation is no longer a policy choice.
  • Distinguish the exempt assets (para. 4) from qualifying assets.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IAS 23 — Borrowing Costs

  1. 1 · Not startedThe principle: capitalise or expense0 / 1 lesson
  2. 2 · Not startedScope and exemption0 / 1 lesson
  3. 3 · Not startedQualifying asset and borrowing costs: the definitions0 / 1 lesson
  4. 4 · Not startedThe components of borrowing costs0 / 1 lesson
  5. 5 · Not startedSpecific borrowings0 / 1 lesson
  6. 6 · Not startedGeneral borrowings and the cap0 / 1 lesson
  7. 7 · Not startedCommencement of capitalisation and eligible expenditure0 / 1 lesson
  8. 8 · Not startedSuspension of capitalisation0 / 1 lesson
  9. 9 · Not startedCessation of capitalisation0 / 1 lesson
  10. 10 · Not startedDisclosures0 / 1 lesson
  11. 11 · Not startedTransition and effective dates0 / 1 lesson
  12. 12 · Not startedBoundaries with other standards0 / 1 lesson