Fixed assets: Difference between revisions

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Tangible fixed assets are often reported as 'property, plant and equipment'.
Tangible fixed assets are often reported as 'property, plant and equipment' (PPE).


Collectively, tangible and intangible long-term assets are known as 'non-current assets'.
Collectively, tangible and intangible long-term assets are known as 'non-current assets'.




Relevant accounting standards include Section 17 and Section 27 of FRS 102.
Relevant accounting standards include IAS 16, IAS 38 and Section 17 and Section 27 of FRS 102.




== See also ==
== See also ==
* [[Assets]]
* [[Assets]]
* [[Depreciation]]
* [[Capital expenditure]]
* [[Capital expenditure]]
* [[Capital goods]]
* [[Capitalisation]]
* [[Capitalisation]]
* [[Capitalise]]
* [[Capitalise]]
* [[Current assets]]
* [[Current assets]]
* [[Depreciation]]
* [[Financial reporting]]
* [[FRS 102]]
* [[FRS 102]]
* [[IAS 16]]  (Tangible assets - Property, plant and equipment)
* [[IAS 38]]  (Intangible assets)
* [[Impairment]]
* [[Impairment]]
* [[Intangible assets]]
* [[Intangible assets]]
* [[International Financial Reporting Standards]]  (IFRS)
* [[Net book value]]
* [[Non-current]]
* [[Non-current]]
* [[PPE]]
* [[Operational asset]]
* [[Property, plant and equipment]]
* [[Revaluation]]
* [[Tangible asset]]
* [[Tangible asset]]
* [[Useful economic life]]
* [[Useful economic life]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 05:20, 10 August 2024

Assets which are held by an entity to be used in its operations.

They are held for longer periods than current assets, being used by the entity for a number of years.


Tangible fixed assets are often reported as 'property, plant and equipment' (PPE).

Collectively, tangible and intangible long-term assets are known as 'non-current assets'.


Relevant accounting standards include IAS 16, IAS 38 and Section 17 and Section 27 of FRS 102.


See also