SIC-2 — Consistency - Capitalisation of Borrowing Costs
- IAS 23 Borrowing Costs
- Issued December 1997.
- Effective date: Periods beginning on or after 1 January 1998.
- Superseded by IAS 8 Accounting Policies, Changes in Estimates and Errors (Revised 2003) effective for annual periods beginning on or after 1 January 2005.
Summary of SIC-2
If an enterprise adopts the accounting policy of capitalising borrowing costs as permitted by IAS 23, it should apply that policy consistently for all qualifying assets and periods.