The accounting standard IAS 23 sets out the criteria and accounting treatment for borrowing costs. On this page you can access a range of articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.
Full-text standard
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website; you will need to register to gain access.
These standards are the unaccompanied versions and do not include any additional content that accompanies the full IAS and IFRSs such as illustrative examples, implementation guidance and bases for conclusions.
Online articles
The library provides access to a range of articles in full text from leading business, finance and management journals.
You will need to be logged-in to the website to gain full access to the range of articles available online.
Useful links
ICAEW
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
Press releases
IASB issues amendments to the requirements for borrowing costs
Press release issued by the IASB on 29 March 2007.
Summaries
IAS 23 Borrowing Costs (PDF 21.46kb/2 pages)
IASB technical summary, as issued at 1 January 2011.
Summaries of International Financial Reporting Standards: IAS 23 Borrowing Costs
History and summary from Deloitte IAS Plus.
Property, plant and equipment (including borrowing costs)
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.
Guides and publications
A practical guide to capitalisation of borrowing costs
Guide from PwC which examines some of the practical implications of applying the revised IAS 23. Published in November 2008.
IAS 23R Q&As: Part 1 (PDF 184.34kb/4 pages)
Supplement to IFRS News published by PwC in July 2008.
IAS 23R - Q&As: Part 2 (PDF 628.46kb/5 pages)
Supplement to IFRS News published by PwC in September 2008.
IAS 23: Borrowing Costs
Issue of International Financial Reporting Bulletin published by BDO in May 2007.
IFRS Briefing Sheet – Issue 66
Briefing from KPMG which summarises the revised standard released in March 2007.
Other resources
IFRS e-learning
Interactive training modules from Deloitte with practical scenarios, worked examples and questions to test your knowledge. Each module is available to download as a zip file free of charge (registration is required).
Articles and books in the Library collection
To find out how you can borrow books from the Library please see our guide to book loans.
You can obtain copies of articles or extracts of books and reports by post, fax or email through our document delivery service.
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