Property, plant and equipment: Difference between revisions
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''Financial reporting - | ''Financial reporting - balance sheet - assets''. | ||
(PPE). | (PPE). | ||
IAS 16 defines property, plant and equipment as: | IAS 16 defines property, plant and equipment as: | ||
| Line 7: | Line 8: | ||
*Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and | *Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and | ||
*Expected to be used during more than one financial reporting period. | *Expected to be used during more than one financial reporting period. | ||
== See also == | == See also == | ||
* [[ | * [[Balance sheet]] | ||
* [[Capital expenditure]] | * [[Capital expenditure]] | ||
* [[Capitalisation]] | * [[Capitalisation]] | ||
* [[Capitalise]] | * [[Capitalise]] | ||
* [[Current assets]] | * [[Current assets]] | ||
* [[Depreciation]] | |||
* [[Financial reporting]] | |||
* [[Fixed assets]] | * [[Fixed assets]] | ||
* [[FRS 102]] | * [[FRS 102]] | ||
* [[IAS 16]] | * [[IAS 16]] (Tangible assets - Property, plant and equipment) | ||
* [[IAS 38]] (Intangible assets) | |||
* [[Impairment]] | * [[Impairment]] | ||
* [[Intangible assets]] | |||
* [[International Financial Reporting Standards]] (IFRS) | |||
* [[Non-current]] | * [[Non-current]] | ||
* [[Plant]] | * [[Plant]] | ||
* [[PPE]] | * [[PPE]] | ||
* [[Tangible asset]] | |||
* [[Useful economic life]] | * [[Useful economic life]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 05:28, 10 August 2024
Financial reporting - balance sheet - assets.
(PPE).
IAS 16 defines property, plant and equipment as:
- Tangible items
- Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and
- Expected to be used during more than one financial reporting period.
See also
- Balance sheet
- Capital expenditure
- Capitalisation
- Capitalise
- Current assets
- Depreciation
- Financial reporting
- Fixed assets
- FRS 102
- IAS 16 (Tangible assets - Property, plant and equipment)
- IAS 38 (Intangible assets)
- Impairment
- Intangible assets
- International Financial Reporting Standards (IFRS)
- Non-current
- Plant
- PPE
- Tangible asset
- Useful economic life
