Cost model: Difference between revisions
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* [[Balance sheet]] | * [[Balance sheet]] | ||
* [[Capitalise]] | * [[Capitalise]] | ||
* [[Cost | * [[Cost ]] | ||
* [[Depreciation]] | * [[Depreciation]] | ||
* [[Derecognition]] | * [[Derecognition]] | ||
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* [[Intangible assets]] | * [[Intangible assets]] | ||
* [[International Financial Reporting Standards]] (IFRS) | * [[International Financial Reporting Standards]] (IFRS) | ||
* [[Non-current | * [[Non-current asseta]] | ||
* [[Recognition]] | * [[Recognition]] | ||
* [[Reporting entity]] | * [[Reporting entity]] | ||
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*[https://www.iasplus.com/en/standards/ias/ias38 IAS 38 - IAS Plus] | *[https://www.iasplus.com/en/standards/ias/ias38 IAS 38 - IAS Plus] | ||
*[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/ias-38-intangible-assets.pdf IAS 38 text - IFRS] | *[https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/ias-38-intangible-assets.pdf IAS 38 text - IFRS] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 11:34, 11 October 2023
Financial reporting - non-current assets - IAS 16 - IAS 38.
Under the cost model non-current assets are carried in the reporting entity's balance sheet at their historic cost, less accumulated depreciation, amortisation and impairment.
Under international financial reporting standards (IFRS), IAS 16 and IAS 38, reporting entities may choose to use either the cost model or the revaluation model.
See also
- Amortisation
- Balance sheet
- Capitalise
- Cost
- Depreciation
- Derecognition
- Development
- Expense
- FRS 102
- IAS 16
- IAS 36
- IAS 38
- Intangible assets
- International Financial Reporting Standards (IFRS)
- Non-current asseta
- Recognition
- Reporting entity
- Research & development
- Revaluation
- Revaluation model
- US GAAP
