Ind AS 23

Objective and Scope – Ind AS 23 Objective Ind AS 23 “Borrowing Costs” prescribes the accounting treatment of borrowing costs (which are interest and other costs that an entity incurs...

Recognition as per Ind AS 23 An entity shall capitalize borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset as part of the...

Commencement of capitalization – Ind AS 23   When to begin capitalization An entity shall start capitalizing borrowing costs as part of the cost of a qualifying asset on the...

Suspension of capitalization – Ind AS 23 An entity shall suspend capitalization of borrowing costs during extended periods in which it suspends active development of a qualifying assetAn entity may...