Property, plant and equipment and Risk policy: Difference between pages

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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/)
 
imported>Doug Williamson
m (Spacing and category added 20/8/13)
 
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''Financial reporting - IAS 16''.
''Risk management''.  
Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise. 


(PPE).
Risk policy should cover commercial as well as treasury approaches to exposure management.  


IAS 16 defines property, plant and equipment as:
The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives.  
*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.


 
It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management.
Property, plant and equipment includes bearer plants related to agricultural activity.




== See also ==
== See also ==
* [[Bearer plants]]
* [[Exposure]]
* [[Capital expenditure]]
* [[Risk appetite]]
* [[Capitalisation]]
* [[Risk control]]
* [[Capitalise]]
* [[Risk tolerance]]
* [[Current assets]]
* [[Fixed assets]]
* [[FRS 102]]
* [[IAS 16]]
* [[Impairment]]
* [[Non-current]]
* [[Plant]]
* [[PPE]]
* [[Useful economic life]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_risk_management]]
[[Category:The_business_context]]

Revision as of 14:08, 20 August 2013

Risk management.

Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise.

Risk policy should cover commercial as well as treasury approaches to exposure management.

The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives.

It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management.


See also