Researching borrowing costs by using national and international standarts

Researching Borrowing Costs By Using National And International StandartsUğur YATAĞANBABADokuz Eylül UniversityInstitue of Social SciencesAccounting and FinanceCosts of borrowing are the expenses like interest, commision orexchange rate differantial which the firm faces because of getting the sourcesfrom out of firm to cover some firm needs. Booking of the expenses like thatis priority connected to qualifying asset but the firm may choose theaccounting treatment about the costs of borrowing. Shortly the firm may addthat expenses inside asset or show its financial statements. But generally thefirms add the costs of borrowing connected qualifying asset inside asset andshow costs of borrowing connected to assets which are produced in a year onthe financial statements.There are many standarts about accounting of borrowing costs eitherin our country or around the world. That kind of works are executed byTürkiye Muhasebe Standartları Kurulu(TMSK) ın our country. The standart(TMS-23) which issued by this committee and the notification about thissubject which published by Sermaye Piyasası Kurulu(SPK) indicate theconditions about booking of borrowing costs that firms have to use. Howeverıt must be said that, TMS-23 and SPK?s notification about this subject aretranslation of IAS-23.