International Public Sector Accounting Standard IPSAS 5, Borrowing Costs, is drawn primarily from International Accounting Standard IAS 23, Borrowing Costs. The main differences between IPSAS 5 and IAS 23 are as follows:

2024年11月29日 · This Handbook contains the complete International Public Sector Accounting StandardsTM, published as of January 31, 2024. It also includes The Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities with Chapters 3, 5, and 7 …

IPSAS 5 governs the accounting treatment for borrowing costs. In general, it requires borrowing costs to be expensed immediately, but does permit, as an allowed alternative treatment, the capitalization of borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset.

2021年11月3日 · The non-authoritative guidance adds implementation guidance and illustrative examples to IPSAS 5. The new material in ED 74 illustrates how the existing principles for when borrowing costs can be capitalized are applied in various …

2021年11月3日 · The International Public Sector Accounting Standards Board ® (IPSASB ®) has issued Amendments to IPSAS 5, Borrowing Costs – Non-Authoritative Guidance. The new pronouncement adds implementation guidance and illustrative examples to IPSAS 5.

IPSAS 5 should be read in the context of its objective and the “Preface to International Public Sector Accounting Standards.” IPSAS 3, “Accounting Policies, Changes in Accounting Estimates and Errors,” provides a basis for selecting and applying accounting policies in the absence of explicit guidance.

IPSAS 5 permits two accounting policy choices for borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset: capitalization or recognition as an expense.

International Public Sector Accounting Standard (IPSAS) 5, “Borrowing Costs,” replaces IPSAS 5, “Borrowing Costs” (issued May 2000), and should be applied for annual reporting periods beginning on or after MM DD, YYYY.

Tier 2 RDR Reporters are granted certain disclosure exemptions under PBE IPSAS 5.

2022年1月1日 · PBE IPSAS 5 – This version is effective for reporting periods beginning on or after 1 Jan 2021 (early adoption permitted) Date of issue: Sept 2014 Date compiled to: Jan 2020 (excludes PBE IFRS 9 and PBE IPSAS 41)