Capitalisation of Borrowing Costs
HKFRS Accounting Standards vs HKFRS for Private Entities Accounting Standard We came across this case recently: Scenario Under HKFRS / IFRS (IAS 23) Under HKFRS for Private Entities / IFRS for SMEs (Section 25) Key takeaway:Under full IFRS, borrowing costs can be capitalised if they relate to a qualifying asset. Under IFRS for SMEs, all
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