IAS 23 Borrowing Cost

May 8, 2026

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IAS 23 sets out the accounting requirement to capitalize borrowing costs that relate to the acquisition, construction, or production of a qualifying asset. Borrowing costs comprise interest and other costs incurred in connection with borrowing funds. A qualifying asset is one that requires a substantial period of time to be prepared for intended use or sale. The standard specifies eligible components including interest on borrowings, amortization of related discounts/premiums and ancillary costs, and certain foreign exchange differences treated as interest adjustments.

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IAS 23 Borrowing Cost

May 8, 2026

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