Fixed assets: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
(Add links.) |
||
| (16 intermediate revisions by one other user not shown) | |||
| Line 1: | Line 1: | ||
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. | 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 == | == See also == | ||
* [[Assets]] | |||
* [[Depreciation]] | |||
* [[Capital expenditure]] | * [[Capital expenditure]] | ||
* [[Capital goods]] | |||
* [[Capitalisation]] | * [[Capitalisation]] | ||
* [[Capitalise]] | * [[Capitalise]] | ||
* [[Current assets]] | * [[Current assets]] | ||
* [[FRS | * [[Depreciation]] | ||
* [[ | * [[Financial reporting]] | ||
* [[FRS 102]] | |||
* [[IAS 16]] (Tangible assets - Property, plant and equipment) | |||
* [[IAS 38]] (Intangible assets) | |||
* [[Impairment]] | * [[Impairment]] | ||
* [[Intangible assets]] | |||
* [[International Financial Reporting Standards]] (IFRS) | |||
* [[Net book value]] | |||
* [[Non-current]] | |||
* [[Operational asset]] | |||
* [[Property, plant and equipment]] | |||
* [[Revaluation]] | |||
* [[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
- Assets
- Depreciation
- Capital expenditure
- Capital goods
- Capitalisation
- Capitalise
- Current assets
- Depreciation
- Financial reporting
- FRS 102
- IAS 16 (Tangible assets - Property, plant and equipment)
- IAS 38 (Intangible assets)
- Impairment
- Intangible assets
- International Financial Reporting Standards (IFRS)
- Net book value
- Non-current
- Operational asset
- Property, plant and equipment
- Revaluation
- Tangible asset
- Useful economic life
