Search found 2 matches
- 24 Mar 2024, 19:02
- Forum: IFRS-related topics
- Topic: IAS 23- interest expense as per IFRS 9
- Replies: 3
- Views: 486
Re: IAS 23- interest expense as per IFRS 9
Hey Jakob, I've got two more queries regarding the capitalization of borrowing costs. If you see this, please help me out. Capitalization of borrowing costs can be commenced from the commencement date, for which there are 3 criteria, including: 1. expenditures for the asset This again has 3 other cr...
- 23 Mar 2024, 15:34
- Forum: IFRS-related topics
- Topic: IAS 23- interest expense as per IFRS 9
- Replies: 3
- Views: 486
IAS 23- interest expense as per IFRS 9
As per IAS 23, borrowing costs may include interest expense calculated using the effective interest method as described in IFRS 9. Does this mean that loan processing fees paid should be amortized over the loan term (for which borrowing costs have been incurred) using EIR method? Or, rather, can we ...