Training purpose selection is required.
Training plan selection is required.
Imagine the following situation: the entity has started a project to build an office building to use as its local headquarter. The entity did not have enough financing, so entered into a loan agreement with the aim of financing the construction. Shall the entity capitalise borrowing costs? After answering this question (whether the asset is a qualifying asset), other questions shall be elaborated, such as what is meant by borrowing costs, when to start capitalisation and what the period of capitalisation is.
This course provides answers to these questions using practical examples and interim tests to enhance understanding. You will learn that according to IAS 23 standard borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset form part of the assets if certain criteria are met.
This course will enable you to:
- identify qualifying assets
- define borrowing costs eligible for capitalisation
- define appropriate period of capitalisation
- understand and apply recognition principles of borrowing costs
- calculate amount to capitalise
- review IAS 23 standard's disclosure requirements
This e-learning course takes approximately 50 minutes to complete and as such, it can provide 1 learning hour - 1 CPD point based on a 50-minute hour. Upon completion of this course, you can print the certificate of completion as an evidence that you undertook the course.
In case you need CPA CPE credit points, please contact us for the certificates.
Further information:
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Training hours: 50 minutes
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CPD: 1.0
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Language: English
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Topics: IFRS, Reporting
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Sector: Corporates
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Training method: E-learning
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Type: Single course
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Geographic relevance: Global
This e-learning course is part of an e-learning series designed by PwC’s Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.