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IAS 16 — Property, Plant and Equipment

05-07-2017  IAS 16 Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life.

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PPE (Property, Plant Equipment) - Overview, Formula ...

Property, plant, and equipment basically includes any of a company’s long-term, fixed assets. PPE assets are tangible, identifiable, and expected to generate an economic return for the company for more than one year or one operating cycle (whichever is longer). The account can include machinery, equipment

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Property, Plant and Equipment - Accounting for PPE ...

Property, Plant and Equipment Introduction. Property, plant and equipment (PPE) are the long-term tangible assets that are shown on the balance sheet of the company. The company recognizes an asset as an item of PPE when the asset has a useful life for more than one year and it is used for production or supply of goods or services, for rental to others, or for administrative purposes.

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IFRS - IAS 16 Property, Plant and Equipment

16-04-2021  Property, plant and equipment are tangible items that: are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and; are expected to be used during more than one period. Property, plant and equipment includes bearer plants related to agricultural activity.

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Property, Plant and Equipment

Property, Plant and Equipment Objective 1 The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant and equipment

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IAS 16 — Property, Plant and Equipment

IAS 16 outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life. IAS 16 was reissued in December 2003 and applies to annual periods ...

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HKAS 16 Property, Plant and Equipment

Property, Plant and Equipment Objective 1 The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant and equipment

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property, plant and equipment - Nederlandse vertaling ...

Property, plant and equipment acquired by way of finance lease is stated at an amount equal to the lower of its fair value and the present value of the minimum lease payments at inception of the lease, less accumulated depreciation and impairment losses. agfa. agfa.

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Audit Procedures for Property Plant and Equipment ...

They should carefully examine lease agreements on property, plant and equipment to determine whether relevant accounting standards has been followed. For land and building, auditor shall need to verify the ownership by inspecting the tittle deeds, the certificate of the registration of land as well as the lease agreement if such assets were leased from third parties.

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金融英语:Property, Plant and Equipment 房产、厂房及设备?

Property, Plant and Equipment(PPE)又称Fixed Assets(固定资产),很多人喜欢直译为“房产、厂房及设备”。Property和Plant一字多义,但在资产负债表里真的是分别指“房产”和“厂房”吗? 在中国的会计制

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Property, Plant and Equipment(有形固定資産)|会計プロ

19-10-2016  GE property, plant and equipment consisted of investments for its own productive use, whereas the largest element for GECC was equipment provided to third parties on operating leases. (出所:General Electric Company, Annual Report, 2012)

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Property, Plant and Equipment - Accounting for PPE ...

Property, Plant and Equipment Introduction. Property, plant and equipment (PPE) are the long-term tangible assets that are shown on the balance sheet of the company. The company recognizes an asset as an item of PPE when the asset has a useful life for more than one year and it is used for production or supply of goods or services, for rental to others, or for administrative purposes.

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CHAPTER 10 PROPERTY, PLANT, AND EQUIPMENT

Chapter 10 Property, Plant, and Equipment Chapter 10 - 4 (2) A property record unit, sometimes called a PPE record unit, is a plant or equipment item, for example, a building, selected to be continuously identified in the property records. The selection of property record units determines the manner in which costs are

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Property, plant and equipment (PPE) – Accounting Journal ...

Property, plant and equipment include tangible assets that have physical substance, such as land, buildings, machinery, equipment, vehicles, furniture and fixtures. Because these assets are expected to be used over multiple accounting periods, they are called as long-lived assets. Property, plant and equipment are recorded at the acquisition ...

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IAS 16 - Properties, Plant and Equipment (detailed review)

03-02-2014  Property, plant and equipment may be requiring the replacement of some component parts during the useful life (such as the spare parts of a plant or walls of a building). In such circumstances, the entity will recognize the cost of replacement in the carrying value of relevant asset if it satisfies the recognition criteria given in this Standard.

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IAS 16 — Property, Plant and Equipment

IAS 16 outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life. IAS 16 was reissued in December 2003 and applies to annual periods ...

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Property, Plant and Equipment Explanation Example

10-05-2015  Property, plant and equipment (also called tangible fixed assets) is a class of assets which have physical existence, which are held for a company’s internal use and which are expected to generate economic benefits for the company over more than one year. There is hardly any business that do not require physical assets such as land, building ...

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IPSAS 17—PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT IPSAS 17 492 Introduction IN1. International Public Sector Accounting Standard (IPSAS) 17, “Property, Plant and Equipment,” replaces 17, “Property, Plant and Equipment” (issued December 2001), and should be applied for annual reporting periods beginning on or after January 1, 2008. Earlier application is

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property, plant and equipment - Nederlandse vertaling ...

Property, plant and equipment acquired by way of finance lease is stated at an amount equal to the lower of its fair value and the present value of the minimum lease payments at inception of the lease, less accumulated depreciation and impairment losses. agfa. agfa.

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Auditing Plant, Property, and Equipment CPA Hall Talk

Auditing Plant, Property, and Equipment. Mar 29. 3. Today, we talk about auditing plant, property, and equipment (or capital assets if you work with governments). Plant, property, and equipment is often the largest item on a balance sheet. But the risk is often low to moderate. After all, it’s difficult to steal land or a building.

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Audit Procedures for Property Plant and Equipment ...

They should carefully examine lease agreements on property, plant and equipment to determine whether relevant accounting standards has been followed. For land and building, auditor shall need to verify the ownership by inspecting the tittle deeds, the certificate of the registration of land as well as the lease agreement if such assets were leased from third parties.

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