International Accounting Standard (IAS) 23 «Borrowing Costs»

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International Accounting Standard
(IAS) 23
(Revised 2005)

Borrowing Costs

См. Методические рекомендации по применению международного стандарта бухгалтерского учета (IAS) 23 «Затраты по займам».

This version includes amendments resulting from new and amended IFRSs issued up to 31 December 2005.

CONTENTS
	paragraphs
INTERNATIONAL ACCOUNTING STANDARD 23
*BORROWING COSTS*
OBJECTIVE
SCOPE	1-3
DEFINITIONS	4-6
BORROWING COSTS - BENCHMARK TREATMENT	7-9
Recognition	7-8
Disclosure	9
BORROWING COSTS - ALLOWED ALTERNATIVE TREATMENT	10-28
Recognition	10-28
Borrowing costs eligible for capitalisation	13-18
Excess of the carrying amount of the qualifying asset over recoverable amount	19
Commencement of capitalisation	20-22
Suspension of capitalisation	23-24
Cessation of capitalisation	25-28
DISCLOSURE	29
TRANSITIONAL PROVISIONS	30
EFFECTIVE DATE	31

International Accounting Standard 23 Borrowing Costs (IAS 23) is set out in paragraphs 1-31. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 23 should be read in the context of its objective, the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.

International Accounting Standard 23 *Borrowing Costs*
Objective
		The objective of this Standard is to prescribe the accounting treatment for borrowing costs. This Standard generally requires the immediate expensing of borrowing costs. However, the Standard permits, as an allowed alternative treatment, the capitalisation of borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset.
Scope
l		This Standard shall be applied in accounting for borrowing costs.
2		This Standard supersedes IAS 23 *Capitalisation of Borrowing Costs* approved in 1983.
3		This Standard does not deal with the actual or imputed cost of equity, including preferred capital not classified as a liability.
Definitions
4		The following terms are used in this Standard with the meanings specified:
		Borrowing costs are interest and other costs incurred by an entity in connection with the borrowing of funds.