毕业论文外文文献资料.doc

Accounting for borrowing costs The source: Accounting for borrowing costs. The publisher: Journal of Money，Credit and Banking. The author: James R. Booth、Lena Chua Booth. From:The page 15. In accordance with the provisions of the latest international accounting standards, first to understand the criteria for borrowing costs is prescribed . This revised International Accounting Standard supersedes IAS 23, Capitalisation of Borrowing Costs, approved by the Board in March 1984 . The revised Standard became effective for financial statements covering periods beginning on or after 1 January 1995 . Explain the standard in the following aspects : 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 acquisition , construction or production of a qualifying asset . Scope 1. This Standard should be applied in accounting for borrowing costs . 2. This Standard supersedes IAS 23 , Capitalisation of Borrowing Costs , approved in 1983. 3. This Standard does not deal with the actual or imputed cost of equity , including preferred capital not classified as a liability . Definitions The following terms are used in this Standard with the meanings specified :Borrowing costs are interest and other costs incurred by an enterprise in connection with the borrowing of funds . A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale . Borrowing costs may include : (a) interest on bank overdrafts and short-term and long-term borrowings ; (b) amortisation of discounts or premiums relating to borrowings ; (c) amortisation of ancillary costs incurred in connection with the arrangement of borrowings ; (d) finance charges in respect of finance leases recogn