IAS 16: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
(Add links.) |
||
| Line 15: | Line 15: | ||
* [[Capitalisation]] | * [[Capitalisation]] | ||
* [[Capitalise]] | * [[Capitalise]] | ||
* [[Cost model]] | |||
* [[Depreciation]] | * [[Depreciation]] | ||
* [[Fixed assets]] | * [[Fixed assets]] | ||
| Line 26: | Line 27: | ||
* [[Reporting entity]] | * [[Reporting entity]] | ||
* [[Revaluation]] | * [[Revaluation]] | ||
* [[Revaluation model]] | |||
| Line 33: | Line 35: | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 11:16, 11 October 2023
International Accounting Standard 16, dealing with property, plant and equipment (PPE).
Issued by the International Accounting Standards Board.
IAS 16 requires an entity to recognise an item of property, plant or equipment as an asset if, and only if:
- It is probable that the future economic benefits that are attributable to the asset will flow to the entity; and
- The cost of the asset can be measured reliably.
See also
- Amortisation
- Bearer plant
- Capitalisation
- Capitalise
- Cost model
- Depreciation
- Fixed assets
- IAS 37
- IAS 38
- Impairment
- International Financial Reporting Standards (IFRS)
- Other comprehensive income (OCI)
- Property, plant and equipment (PPE)
- Recognition
- Reporting entity
- Revaluation
- Revaluation model
