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IAS 23: Boring Cost और Qualifying Asset
Aug 2, 2024
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IAS 23 Boring Cost का परिचय
Boring Cost की परिभाषा
Boring Costs
: Interest and other costs incurred in connection with the borrowing of funds.
Interest के अलावा
अन्य costs भी शामिल होती हैं।
Definition
: Boring costs are interest and other costs that an entity incurs in connection with the borrowing of funds.
Examples of Boring Cost
Interest Expense
: Effective basis पर हो (compound basis).
Interest in respect of lease liabilities
.
Exchange differences
और interest cost adjustments arising from foreign currency borrowing.
Exclusions
Cost of Equity
: Actual और imputed costs.
Dividends
: Equity shareholders को dividend pay करने की cost.
Non-liabilities
: जो equity है और liability नहीं है, उससे related cost boring cost नहीं होगी।
Qualifying Asset की परिभाषा
Definition
: An asset that necessarily takes a substantial period of time to get ready for its intended use or sale.
Use or Sale
: Property, plant, equipment, intangible asset, inventory.
Substantial Period of Time
: Defined नहीं है, typically three months or more. Judgment पर आधारित है।
Qualifying Assets के उदाहरण
Inventory
: जो substantial period of time लेती हैं।
Power Generation Facilities
: खुद बनाना हो तो qualifying asset है।
Intangible Assets
: Develop करते समय qualifying asset होते हैं।
Bearer Plants
: Certain conditions को पूरा करने वाले plants।
Exclusions for Qualifying Assets
Financial Assets
: जैसे cash और investments।
Short-Term Inventories
: जो large quantities में repetitive basis पर short period में produce होती हैं।
Ready for Use Assets
: जैसे air conditioners।
Fair Value Measured Assets
: IS23 apply नहीं होता।
Examples: Identifying Qualifying Assets
Construction of a Bridge
: Qualifying asset है, 6 years का project है।
Sophisticated Integrated Circuits
: 10,000-12,000 units हर महीने बनती हैं, qualifying asset नहीं है।
Power Plant Under Construction
: 10 months, qualifying asset है।
Equipment Purchased
: Immediately use हो सकता है, qualifying asset नहीं है।
Special Order Machine
: 11 months, qualifying asset है।
Recognition Principles
Core Principle
: Directly attributable boring cost qualifying asset की cost में शामिल करेंगे, बाकी cost को expense करेंगे।
Directly Attributable
: Borrowing cost that would have been avoided if the expenditure on the qualifying asset had not been made.
Specific और General Borrowing का Concept
Specific Borrowing
: Qualifying asset के लिए specific funds borrow करना।
General Borrowing
: General funds जो multiple purposes के लिए use होते हैं।
Borrowing Cost Calculation
: Actual borrowing cost से temporary investment income को less कर देना।
Example of Specific Borrowing
Loan
: 10 million, 15% interest rate, temporarily invested income को less करना।
General Borrowing Rate Calculation
Capitalization Rate
: Weighted average borrowing cost rate.
Example
: Loan amounts और interest rates का weighted average लेना।
Prudence Concept
Prudence
: Check करें कि carrying amount recoverable amount को exceed तो नहीं कर रही।
Impairment Loss
: IS36 के अनुसार recognize करें।
Write-down to NRV
: IS2 के अनुसार करें।
Practice Questions
Okada Engineering
: Specific borrowing, calculate additions to capital work in progress.
Sahiwal Construction
: General borrowing, calculate weighted average borrowing rate और eligible borrowing cost.
Shayan Limited
: Specific borrowing के लिए borrowing cost capitalization calculate करें।
Sara Limited
: Calculate general weighted average borrowing rate और borrowing cost capitalization।
Googly Industries
: दो qualifying assets पर borrowing cost calculate करना।
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