Ias-16 Property Plant and Equipment. – Presentation or Speech – Muhammad Hamid
Ias-16 Property Plant and Equipment.
IAS-16 Property Plant and equipment[pic 1]Muhammad Hamid Javed Assignment no. 05Advance Financial Accounting Programmed: MS (A&F) Session: 2018-2019 Department of CommerceSubmitted to: Sir TauseefIAS-16[pic 2]Property Plant and equipment1- What is PPT?2- Recognition Criteria When to record in B/S?[pic 3]3- Initial Recognition4- Subsequent expenditureWhat’s treatments & whether it is capitalized or expenditure?[pic 4]5- Subsequent RecognitionAfter initial period how treatment has to be done in future time period?1. Tangible Asset:[pic 5]• Held for sale production• Held for sale of good & services• Rental purpose other than Property i.e. land & buildingIf we purchase or hire it on lease then it is fixed Asset *Any Asset can be owned or lease as well & vice-versa if it is given to other for using then it is calledInvestment PPT• Administrative Purpose2. It should be use for more than 1 accounting period3- Bearer Plant (Treatment under IAS-16): 1- Apple Tree • Living plant 3-sugarcane • Held for use in production of agriculture producer• Expected to be bear produce in more than one accounting period• There’s remote possibility that it’ll be sold as agricultural produce except for • scrap valueUnit of master:[pic 6]It can be measure as individual item or aggregate itIAS-16[pic 7]Property Plant and equipmentRecognition Criteria• Meet required defiant ion in marketInitial Recognition:→ Initial recognition• Purchase cost+ import duty+ non-refundable purchase after deducting trade discount and rebate• Any cost directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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(2019, 03). Ias-16 Property Plant and Equipment.. EssaysForStudent.com. Retrieved 03, 2019, from