Fixed assets: Difference between revisions
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* [[Current assets]] | * [[Current assets]] | ||
* [[Depreciation]] | * [[Depreciation]] | ||
* [[Financial reporting]] | |||
* [[FRS 102]] | * [[FRS 102]] | ||
* [[IAS 16]] | * [[IAS 16]] (Tangible assets - Property, plant and equipment) | ||
* [[IAS 38]] | * [[IAS 38]] (Intangible assets) | ||
* [[Impairment]] | * [[Impairment]] | ||
* [[Intangible assets]] | * [[Intangible assets]] | ||
* [[International Financial Reporting Standards]] (IFRS) | |||
* [[Net book value]] | * [[Net book value]] | ||
* [[Non-current]] | * [[Non-current]] | ||
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
