IASB December 2006
12 December 2006
The Board continued its discussion of comments received from constituents on the exposure draft of Proposed Amendments to IAS 23 Borrowing Costs. The Exposure Draft proposed to eliminate the option to recognise immediately as an expense borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset.
November 2006
19 November 2006
The Board discussed comments received from respondents to the proposal in the exposure draft of Proposed Amendments to IAS 23 Borrowing Costs to eliminate the option to recognise borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset as an expense immediately.
IASB March 2006
31 March 2006
Biological assets are measured on, and after, initial recognition at fair value less estimated point-of-sale costs. IAS 41 Agriculture does not address the treatment of expenditure after initial recognition of a biological asset, because it was considered unnecessary under a fair value approach. However, the proposed amendment to IAS 23 Borrowing Costs to require capitalisation would force entities to change their systems to capitalise the interest costs, only then to write them off when remeasu
IASB January 2006
24 January 2006
At its meeting in November 2005, the Board decided to eliminate from IAS 23 Borrowing Costs the option of immediate recognition as an expense of borrowing costs that are directly attributable to the acquisition,
construction or production of a qualifying asset. In January the Board discussed the transitional provisions of the proposed amendments.