Cryptocurrencies and related transactions: accounting considerations under IFRS
How to recognise, measure and disclose activities associated with the issuances of, and the investment in, cryptocurrencies
Should borrowing costs be capitalised on qualifying expenditures incurred before borrowing costs are incurred?
10 January, 2019
International Accounting Standard no. 23 (IAS 23), ‘Capitalisation of borrowing costs’, is one of the shortest standards in IFRS. However, practical implementation of this seemingly simple standard often raises questions for which the standard does not give clear answers. One of practical implementation questions is that should borrowing costs be capitalised on qualifying expenditures incurred before borrowing costs are incurred?
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