n Professional Accountant - Borrowing costs as per IFRS for SMEs Section 25 : accounting standards

Volume 2012, Issue 2
  • ISSN : 1680-7537


More and more business entities are financing their operations and the acquisition of assets using funds borrowed from debt providers. The manner in which borrowing costs, the most common being interest paid, are recognised in the financial statements significantly affects the financial risk of the entity.

Furthermore, with the introduction of financial instruments (s11 - ) which require the borrowing costs to be recognised through the profit or loss using the effective interest rate method further complicates the matter.

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