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What is Understanding IPSAS 5: Borrowing Costs about?

IPSAS 5 provides guidance on accounting for borrowing costs. It defines borrowing costs and qualifying assets. For qualifying assets, an entity can either expense borrowing costs as incurred or capitalize them as part of the cost of the asset. Capitalization begins when expenditures are being incurred on the asset and activities to prepare it are in progress. Capitalization ceases when substantially all activities to prepare the asset are complete. Certain disclosures are required regarding accounting polic

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nemz2593

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EN