IASB Staff Hold Webinar on recent IFRIC agenda decision on Borrowing Costs and Revenue Recognition
02 July 2019
The IFRS Interpretations Committee recently issued an agenda decision about over time transfer of constructed goods and the interaction between IAS 23, Borrowing Costs and IFRS 15, Revenue from Contracts with Customers. In the fact pattern submitted, the Committee concluded that the existing guidance provides an adequate basis for determining whether borrowing costs should be capitalised.
This webcast is hosted by two IASB technical staff and explains the conclusion reached by the Committee.
The webcast can be accessed here.