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IASB posts webcast on borrowing costs and revenue recognition

  • IASB webcast Image

24 Jun 2019

The IASB has posted a webcast, by IASB technical staff Jawaid Dossani and Nicolette Lange, that discusses conclusions reach at by the IFRS Interpretation Committee related to the application of IAS 23, ‘Borrowing Costs’ and its interaction with IFRS 15, ‘Revenue from Contracts with Customers’.

At the March 2019 IFRS Interpretation meeting, the Committee determined that borrowing costs would not be capitalised when the borrowings relate to the construction of a residential multi-unit real estate development for which revenue is recognised over time.

For more in­for­ma­tion, see the press release on the IASB’s website.

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