Fixed assets: Difference between revisions
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== See also == | == See also == | ||
* [[Assets]] | * [[Assets]] | ||
* [[Depreciation]] | |||
* [[Capital expenditure]] | * [[Capital expenditure]] | ||
* [[Capital goods]] | * [[Capital goods]] | ||
Latest revision as of 11:46, 12 April 2022
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.
