Borrowing Cost Capitalisation - Is there any choice
Failed to add items
Sorry, we are unable to add the item because your shopping cart is already at capacity.
Add to basket failed.
Please try again later
Add to wishlist failed.
Please try again later
Remove from wishlist failed.
Please try again later
Adding to library failed
Please try again
Follow podcast failed
Unfollow podcast failed
Borrowing Cost Capitalisation - Is there any choice
-
Narrated by:
-
By:
Summary
This podcast explores whether switching from expensing tocapitalizing borrowing costs for qualifying assets is a policy change or an error rectification. Ind AS 23 mandates capitalization, meaning prior expensing was a mistake in applying policy. Per Ind AS 8, this qualifies as a prior period error, necessitating a retrospective restatement to correct past non-compliance. Notably, the statement of cash flows remains consistent; interest payments are always reported as financing activities, regardless of whether costs were capitalized or expensed in the accrual statements.
adbl_web_anon_alc_button_suppression_c
No reviews yet