Ind as 23- I'll 14 group borrowings

Financial Reporting

Good evening sir! In CFS, you have added the exp incurred by Construction co. to the exp. Incurred real state co. And used Captialisation rate .Here ,the construction co. Used its own resources as per IND as 23 notional B.C shouldn't be capitalised know sir!!? But in CFS ,when we add this exp and calculated B.C indirectly we are capitalising the borrowing cost on 10lacs exp made by Construction co. From its own resources. Can you please give clarification on this sir??

Priya Bhimani

CA Final

★ 8K+

22-Apr-23 16:54

494

Answers (2)

Good morning sir!! Can you please give clarification on this issue sir?

Thread Starter

Priya Bhimani

CA Final

★ 8K+

16-May-23 11:14

The money received by the construction co would have been indirectly financed by the other entities in the group. Think of these as 4 departments in the company. And then there is a general borrowing.

CA Suraj Lakhotia

Admin

17-May-23 12:12