IAS Plus International Accounting Standards Interpretations SIC 2, Borrowing Costs


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SIC 2 Consistency - Capitalisation of Borrowing Costs
— Superseded —

References

IAS 23, Borrowing Costs

History

Issued December 1997.
Effective date: Periods beginning on or after 1 January 1998.
Superseded by IAS 8 (Revised 2003) effective for annual financial reporting periods beginning 1 January 2005.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.