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IFRSclass.comTM |
| U.S. GAAP Codification | IFRS International Standards | Accounting Standards, ASC |
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International Accounting Standard (IAS) 23 |
| IFRS Accounting Topics |
| International Accounting Standard (IAS) 23 |
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(1) interest on borrowings (2) finance charges for finance leases |
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(1) capitalized --> if directly attributable to --> acquisition or construction of a qualifying asset (2) expensed --> if NOT directly attributable to --> acquisition or construction of a qualifying asset |
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(1) manufacturing plants (2) investment properties (3) intangible assets (4) power generating facilities (5) inventories |
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--> over a short period of time --> not qualifying assets |
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--> not qualifying assets |
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--> not qualifying assets |
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| IAS 40 - IAS 41 |
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IAS
40 Technical Notes |
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