- Administrative remedies
- Corporate legal consulting
- Bankruptcy and restructuring
- Company dissolutions and liquidations
- Supplier and employee background investigations
- Legal attest letter drafting service
- Preparation and review of agreements in Chinese and English
- Lifting restrictions on going abroad
- Labor law compliance and labor-management negotiation
- Business and personal asset planning
The International Accounting Standards Board (IASB) issued a revised version of IAS 23 Borrowing Costs in March 2007. The new standard will result in a change in accounting policy for entities that applied the benchmark treatment of expensing borrowing costs under the previous standard. These entities will now need to develop procedures to calculate the amount of borrowing costs to be capitalised.
Although the concept of capitalising borrowing costs is simple and familiar to many, putting that concept into practice frequently leads to questions. Many of these questions are considered in this guide.
The guide is intended to assist companies in applying IAS 32. We have not attempted to cover every aspect of IAS 23, however, we believe this guide will help in addressing the problems most often encountered in practice.
For further information on the guide or the issues raised in it, please contact us.