Ias-16 Property Plant and Equipment. – Presentation or Speech – Muhammad Hamid
Search
Essays
Sign up
Sign in
Contact us
Tweet
Index
/Business
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.
Continue for 3 more pages »
Read full document
Download as (for upgraded members)
Citation Generator
MLA 7
CHICAGO
(2019, 03). Ias-16 Property Plant and Equipment.. EssaysForStudent.com. Retrieved 03, 2019, from
“Ias-16 Property Plant and Equipment.” EssaysForStudent.com. 03 2019. 2019. 03 2019 <
"Ias-16 Property Plant and Equipment.." EssaysForStudent.com. EssaysForStudent.com, 03 2019. Web. 03 2019. <
"Ias-16 Property Plant and Equipment.." EssaysForStudent.com. 03, 2019. Accessed 03, 2019.
Essay Preview
By: Muhammad Hamid
Submitted: March 9, 2019
Essay Length: 842 Words / 4 Pages
Paper type: Presentation or Speech Views: 111
Report this essay
Tweet
Related Essays
Plant and Animal Cells
I. Introduction All organisms in life are composed of at least one or more cells. Cells are the basic units of life. There are three
1,527 Words | 7 Pages
Montnana Plants & Native Americans
Montnana Plants & Native Americans Since the beginning of the human race mankind has depended on the natural resources in their environment for survival. They
1,674 Words | 7 Pages
What Are Plants Good For?
James 3-9-07 What are plants good for? When I think of plants I think of my mom’s garden or the grass or trees in the
405 Words | 2 Pages
Physical Constants, Properties, Mathematical Calculations and Equations
• Emission • There are two significant effects of contamination by metal ions: 1. Salinity: When metal ion concentrations are too high and exceed safe
661 Words | 3 Pages
Similar Topics
TradeRelated Aspects Intellectual Property Rights
Intellectual Property Electronic World
Get Access to 89,000+ Essays and Term Papers
Join 209,000+ Other Students
High Quality Essays and Documents
Sign up
© 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers
Essays
Sign up
Sign in
Contact us
Site Map
Privacy Policy
Terms of Service
Facebook
Twitter