Profit centre and Property, plant and equipment: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Clarify that it is treasury authority that is centralised in particular.) |
imported>Doug Williamson (Expand definition to incorporate bearer plants. Source: IFRS webpage https://www.ifrs.org/issued-standards/list-of-standards/ias-16-property-plant-and-equipment/) |
||
| Line 1: | Line 1: | ||
'' | ''Financial reporting - IAS 16''. | ||
(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. | |||
Property, plant and equipment includes bearer plants related to agricultural activity. | |||
== See also == | == See also == | ||
* [[ | * [[Bearer plants]] | ||
* [[ | * [[Capital expenditure]] | ||
* [[ | * [[Capitalisation]] | ||
* [[ | * [[Capitalise]] | ||
* [[ | * [[Current assets]] | ||
* [[Fixed assets]] | |||
* [[FRS 102]] | |||
* [[IAS 16]] | |||
* [[Impairment]] | |||
* [[Non-current]] | |||
* [[Plant]] | |||
* [[PPE]] | |||
* [[Useful economic life]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 13:01, 26 March 2020
Financial reporting - IAS 16.
(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.
Property, plant and equipment includes bearer plants related to agricultural activity.
