Understanding IAS 23 Disclosure Requirements: What Borrowing Costs Must Companies Report?

IAS 23 borrowing costs capitalization expensed costs accounting standards qualifying assets

Which of the following is a disclosure requirement under IAS 23? The amount of borrowing costs expensed during the period. The capitalization rate used to determine the amount of borrowing costs eligible for capitalization. The date capitization of borrowing costs began. A description of the borrowing costs eligible for capitalization.

Under IAS 23, the disclosure requirements include presenting the amount of borrowing costs expensed during the period, which represents the interest expense recognized in the income statement. The standard also requires entities to disclose the nature and amount of borrowing costs that are capitalized, including a description of the borrowing costs that are eligible for capitalization, such as the criteria used to determine the amount of borrowing costs eligible for inclusion in the cost of a qualifying asset. However, the specific details about the capitalization rate used or the exact date capitalization of borrowing costs began are typically not explicitly mentioned as disclosure requirements under IAS 23. Therefore, the most directly relevant disclosure requirement according to IAS 23 is:

The amount of borrowing costs expensed during the period.

会计问题，免费提问

提问

输入问题即刻解答，Shift+Enter换行