hkas23 borrowing costs - HKAS 23 (December 2004) Hong Kong...

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HKAS 23 (December 2004) 1 Hong Kong Accounting Standard 23 Borrowing Costs* * This HKAS 23 is applicable for periods beginning on or after 1 January 2005. HKAS 23 (Revised) issued in June 2007 is applicable for annual periods beginning on or after 1 January 2009 and supersedes this HKAS 23.
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HKAS 23 © Copyright 1A COPYRIGHT © Copyright 2008 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial Reporting Standard contains International Accounting Standards Committee Foundation copyright material. Reproduction within Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and inquiries concerning reproduction and rights for commercial purposes within Hong Kong should be addressed to the Director, Operation and Finance, Hong Kong Institute of Certified Public Accountants, 37/F., Wu Chung House, 213 Queen's Road East, Wanchai, Hong Kong. All rights in this material outside of Hong Kong are reserved by International Accounting Standards Committee Foundation. Reproduction of Hong Kong Financial Reporting Standards outside of Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce for commercial purposes outside Hong Kong should be addressed to the International Accounting Standards Committee Foundation at www.iasb.org .
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HKAS 23 (December 2004) © Copyright 2 Contents Hong Kong Accounting Standards 23 Borrowing Costs paragraphs OBJECTIVE SCOPE 1-3 DEFINITIONS 4 – 6 BORROWING COSTS – BENCHMARK TREATMENT 7 – 9 Recognition 7 – 8 Disclosure 9 BORROWING COSTS – ALLOWED ALTERNATIVE TREATMENT 10 – 29 Recognition Borrowing Costs Eligible for Capitalisation Excess of the Carrying Amount of the Qualifying Asset over Recoverable Amount Commencement of Capitalisation Suspension of Capitalisation Cessation of Capitalisation 10 – 28 13 – 18 19 20 – 22 23 – 24 25 – 28 Disclosure 29 TRANSITIONAL PROVISIONS 30 EFFECTIVE DATE 31 APPENDIX: Comparison with International Accounting Standards Hong Kong Accounting Standard 23 Borrowing Costs (HKAS 23) is set out in paragraph 1-31. All the paragraphs have equal authority. HKAS 23 should be read in the context of its objective, the Preface to Hong Kong Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
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HKAS 23 (December 2004) © Copyright 3 Hong Kong 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
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hkas23 borrowing costs - HKAS 23 (December 2004) Hong Kong...

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