07-15-2006, 03:54 AM
The exposure draft of proposed amendments to IAS 23 has been published by the IASB as part of its Short Term Convergance Project.
The main change is to eliminate the benchmark treatment of expensing out the borrowing cost. Now and onwards borrowing cost eligible for capitalization under the revised version shall be capitalized.
New version is yet open for comments and the last date is 29 September, 2006.
The main change is to eliminate the benchmark treatment of expensing out the borrowing cost. Now and onwards borrowing cost eligible for capitalization under the revised version shall be capitalized.
New version is yet open for comments and the last date is 29 September, 2006.
