Short-term Convergence: Borrowing Costs

Date recorded:

The Board agreed with a staff proposal that the amendment to IAS 23 Borrowing Costs should eliminate the immediate expense alternative in the current standard but should not propose to use the capitalisation method in the US standard. The reason for this is that the method in US GAAP is not seen as 'a higher quality solution' than the current capitalisation method in IAS 23.

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