Analysis of IFRIC Agenda Decision: Over time transfer of constructed good (IAS 23 Borrowing Costs)

Originally published at: Analysis of IFRIC Agenda Decision: Over time transfer of constructed good (IAS 23 Borrowing Costs) | TheAccSense

The IFRS Interpretation Committee (“IFRIC”) had issued an IFRIC Agenda Decision: Over time transfer of constructed good (IAS 23 Borrowing Costs) on 15 March 2019. In that agenda decision, IFRIC responded to the submitter’s question relating to the capitalisation of borrowing costs in relation to the construction of a multi-unit real estate development (building).   Although IFRIC chairperson and…