This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

GASB proposes guidance on interest cost

  • GASB document Image

Dec 11, 2017

The GASB has issued an exposure draft (ED), “Accounting for Interest Cost During the Period of Construction,” which aims to “enhance the relevance and comparability of information about capital assets and the cost of borrowing for a reporting period and . . . simplify accounting for interest cost incurred during the period of construction.”

Com­ments on the ED are due by March 5, 2018. For more in­for­ma­tion, see the press release  and ED on the GASB’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.