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Ind AS 23 - Borrowing Costs
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Recorded Lectures
Watch professionally recorded video recordings
Live Sessions
Engage with the instructors through live sessions - Q&A sessions, Mock test discussions, etc
Workshops
At the end of the course, meet with your teacher and other students in week long workshops, clear doubts, network and find solutions.
Learning Objectives
Ind AS 23 (Indian Accounting Standard 23) provides guidance on how to account for borrowing costs in a company's financial statements. The main objective of Ind AS 23 is to ensure that borrowing costs are properly accounted for and attributed to the periods in which they are incurred. Some key aspects of Ind AS 23 are as follows:
- Qualifying assets: Ind AS 23 requires companies to capitalize borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset. A qualifying asset is an asset that takes a substantial period of time to get ready for its intended use or sale.
- Capitalization rate: Ind AS 23 requires companies to apply a capitalization rate to borrowing costs that are eligible for capitalization. The capitalization rate is the weighted average cost of the company's borrowings that are outstanding during the period.
- Disallowed borrowing costs: Ind AS 23 requires companies to expense borrowing costs that are not directly attributable to the acquisition, construction, or production of a qualifying asset. Examples of disallowed borrowing costs include general administration costs and interest on an overdraft facility.
- Disclosure requirements: Ind AS 23 requires companies to provide detailed disclosures about their borrowing costs, including the amount of borrowing costs capitalized and expensed during the period, the capitalization rate used, and any significant judgments or estimates made in determining the amount of borrowing costs capitalized.
- Qualifying assets: Ind AS 23 requires companies to capitalize borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset. A qualifying asset is an asset that takes a substantial period of time to get ready for its intended use or sale.
- Capitalization rate: Ind AS 23 requires companies to apply a capitalization rate to borrowing costs that are eligible for capitalization. The capitalization rate is the weighted average cost of the company's borrowings that are outstanding during the period.
- Disallowed borrowing costs: Ind AS 23 requires companies to expense borrowing costs that are not directly attributable to the acquisition, construction, or production of a qualifying asset. Examples of disallowed borrowing costs include general administration costs and interest on an overdraft facility.
- Disclosure requirements: Ind AS 23 requires companies to provide detailed disclosures about their borrowing costs, including the amount of borrowing costs capitalized and expensed during the period, the capitalization rate used, and any significant judgments or estimates made in determining the amount of borrowing costs capitalized.
Features of the course
1 hour of videos
Download PDFs, charts and images
Check your knowledge of subject matter and topics through the progression of the course and get rated on your knowledge.
Book live classes and workshops on your course with the instructor for one-to-one guidance and coaching.
Course Curriculum
About the Trainer
About the Trainer
A class of its own
Amit Dharnia is a member of ACCA (UK) and Founder and CEO of Pramisha Business School and Viviana Business School. He is a highly sought-after ACCA trainer in India and abroad who specialises in IFRS & Ind AS and is well known for his rare incisive and clear interpretation of Indian and global accounting standards .
Prior to starting his own educational adventure he has worked as Director, Accounting Advisory Services & Head-Learning Solutions at BDO, India and has over 12 years of accounting advisory/CFO advisory & corporate training experience in various industries.
Before joining BDO, he was one of the key members of IFRS learning solutions offered by KPMG in the period 2014 to 2016 when IFRS was the need of the hour for corporates and have been part of Ind AS implementation and consulting. He has also worked with Axis Risk Consulting (Genpact), TMF Group & Piron Corporation. His book "Ind AS Concepts in a Day" is quite popular among the CA students in India. He has delivered 1000's of sessions to finance and accounting professionals from various countries including India, UAE, Saudi Arabia, Nepal, Singapore, New Zealand, Nigeria, Oman, South Africa etc.
What All India Rank holders and others say about the instructor
"One of the best trainer for IFRS and awesome explanation for every standard in depth with example. Very helpful and easily approachable. Thanks a lot."
CA Yash Arora
Associate at BNP Paribas
"I had taken your lectures for Dip.IFRS(UK) and found the lectures covering every standard in depth with clear explanations and examples. This helped my journey of learning easy."
Neha Hir
CA, CPA(USA)
"I studied from Amit Sir's lectures for Dip.IFR. His teaching style and years of experience makes each topic easy to comprehend. Logical reasoning and linking of each standard makes it easy to remember the concepts as well."
Rama Goyal
Chartered Accountant
"... I think apart from being an academic guide Amit is also a guide for your professional and other personal matters where he brings in insights from his wide experience both as a professional and an entrepreneur ..."
Tejbir Singh
Vice President, Investment Risk and Banking at Max Life Insurance
"An amazing professional, moreover a great mentor for me. Despite the fact that I had to start my studies from zero he was the one who motivated me to appear for the same and pushed me to achieve the goal. I referred the revision lectures shared by him which was very crisp and to the point. With God's grace and his guidance I cleared by SBR exam in my first attempt. Very HIGHLY recommended professor..."
CA Vishal Gala
CA, Pursuing ACCA
" Amit sir you are the best/ always available for student resolve their queries. no concept is tough if taught by you. thanks sir.
CA Arti Jha
Deputy Manager Finanace, adda.com, Ex-NDTV
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