About this E-Learning Course

This course provides an overview of how an entity should account for borrowing costs that it incurs if it is required to prepare financial statements in accordance with Australian Accounting Standards. It is relevant for entities that incur borrowing costs and are acquiring, construction or producing qualifying assets. The course is broken down into the following topics:

  • Overview of the scope and key definitions included within the standard

  • The recognition and measurement requirements for borrowing costs, including how to identify a qualifying asset, and

  • Presentation and disclosure requirements for borrowing costs.

Course curriculum

  • 1

    Borrowing Costs

    • Welcome!

    • Scope & definition

    • Recognition & Measurement

    • Presentation & disclosure

How this course can help your business

It is not always easy to determine when borrowing costs should be capitalised as part of the cost of a qualifying asset, nor determine the amount of borrowing costs that must be capitalised. Once you have completed this course you will understand when borrowing costs must be capitalised as well as be able to calculate the amount of borrowing costs to capitalise.

Meet your course instructor

IFRS Instructor

Aletta Boshoff

Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).