Section 3850 - Interest capitalized - disclosure considerations
Effective date: |
January 1, 2011 |
Published by the AcSB: |
December 2009 |
Overview
This Section deals with disclosure of the amount of interest capitalized. A number of enterprises have an accounting policy of capitalizing interest. This policy would be described in accordance with Section 1505 Disclosure of accounting policies. The additional disclosure of the amount of interest capitalized would assist investors, creditors and other users of financial statements to assess the impact of an enterprise's capitalization policy on its reported results.
History of Section 3850
Date |
Development |
Comments |
December 2009 |
Part II of the CPA Canada Handbook issued |
Effective for fiscal years beginning on or after January 1, 2011. |
Note: The above summary does not include details of consequential amendments made as the result of other projects.