BCOM, BBA, CPA AND ACCA, accounting students And Any Other Accounting Practitioners. Understanding Borrowing Costs – IAS 23 IAS 23 – Borrowing Costs The objective of IAS 23 is to specify the accounting treatment for Borrowing Costs (Interest Costs).This is somewhat a short accounting standard. When an entity incurs interest costs for example if it has […]
BCOM, BBA, CPA AND ACCA, accounting students and Any Other Accounting Practitioners. Understanding IAS 37-Provisions, Contingent Assets and Contingent Liabilities. Provision A provision is a liability of uncertain timing and amount. The objective of IAS 37 is to specify the accounting treatment for provisions- This accounting standard brings about consistence in the making of provisions in […]
