Session 9: Financial Reporting and Analysis: Inventories, Long-Term Assets, Deferred Taxes, and On- and Off-Balance Sheet Debt
Reading 37: Long-Lived Assets
LOS a: Explain the accounting standards related to the capitalization of expenditures as part of long-lived assets, including interest costs.
Capitalizing interest costs related to a company’s construction of assets for its own use is required by:
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both IFRS and U.S. GAAP. | |
Both U.S. GAAP and IFRS require companies to capitalize the interest that accrues during a the construction of capital assets for their own use. | 
发表于 2010-4-20 09:37
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