Ministry of Finance, Enterprise Accounting Guidelines - Borrowing Expenses

财政部企业会计准则 -借款费用

Issued: January 18 2001Effective: January 1 2001Applicability: For the purposes of these Guidelines, "borrowing expenses" mean the amortization of interest,…

2 minute readFebruary 28, 2001 at 11:58 PM
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clpstaff
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Issued: January 18 2001

Effective: January 1 2001

Applicability: For the purposes of these Guidelines, "borrowing expenses" mean the amortization of interest, discounts or premiums and auxiliary expenses incurred in borrowing funds, including foreign exchange losses incurred in borrowing foreign currencies; and a "special borrowing" means a borrowing specifically for the purchase or construction of fixed assets (Section Three).

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