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ICAI Releases Educational Material on Ind AS 23 - Borrowing Costs

Posted on 28 January 2021

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The Institute of Chartered Accountants of India has released the educational material on Ind AS 23 - Borrowing Costs. The Educational Material on Ind AS 23, Borrowing Costs addresses certain relevant aspects envisaged in the Standard by way of brief summary of the Standard and Frequently Asked Questions (FAQs) which are being/expected to be encountered while implementing the Standard. Read the official announcement below:

Accounting Standards Board
The Institute of Chartered Accountants of India
27th January, 2021

ANNOUNCEMENT

Release of Educational Material on Ind AS 23, Borrowing Costs

 

Ind AS 23 prescribes the accounting treatment for recognising the borrowing costs incurred by entities. It sets out the criteria for capitalising the borrowing costs or for charging the borrowing costs as expense to the statement of profit and loss.

The Educational Material on Ind AS 23, Borrowing Costs addresses certain relevant aspects envisaged in the Standard by way of brief summary of the Standard and Frequently Asked Questions (FAQs) which are being/expected to be encountered while implementing the Standard.

Relevant link to download the Educational Material: https://www.icai.org/resource/62864asb50858.pdf

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