02-20-2010, 04:28 AM
Dear Mr. Kamran
May you be able to interprete and explain 'SAHI BUKHARI SHAREEF'!
One must go the doctor for medicine, Molvi for Nikah, Chartered Accountant for Audit and an Aalim for SAHI BUKHARI SHAREEF and I feel i know this.
I cannot confuse anyone neither my intention is this. OK you are lord of the Reporting Bibles, if my any word, although cannot, affects your high profile and pride, i beg pardon. I hope you are generous enough to forgive
Dear Mr. Shoib
I interprete as follows
When the borrowing cost is incurred on qualifying assets, it is capialized because it is directly attributable cost and the economic benefits agianst those costs are received in future periods.
In case of finance lease, finance cost is not capitalized because
it is not allowed by the standards. I tried to know why but I dont think I can understand. The thing confused me was, it is mentioned in Scope of IAS 23 that it applies to finance cost under finance leases, How does it applies their
Regards
Ahmed
May you be able to interprete and explain 'SAHI BUKHARI SHAREEF'!
One must go the doctor for medicine, Molvi for Nikah, Chartered Accountant for Audit and an Aalim for SAHI BUKHARI SHAREEF and I feel i know this.
I cannot confuse anyone neither my intention is this. OK you are lord of the Reporting Bibles, if my any word, although cannot, affects your high profile and pride, i beg pardon. I hope you are generous enough to forgive
Dear Mr. Shoib
I interprete as follows
When the borrowing cost is incurred on qualifying assets, it is capialized because it is directly attributable cost and the economic benefits agianst those costs are received in future periods.
In case of finance lease, finance cost is not capitalized because
it is not allowed by the standards. I tried to know why but I dont think I can understand. The thing confused me was, it is mentioned in Scope of IAS 23 that it applies to finance cost under finance leases, How does it applies their
Regards
Ahmed
