IAS-16 Property, Plant and Equipment by CA. D.S. Rawat Partner, Bansal Co.

Dec 30, 2012

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IAS-16 Property, Plant and Equipment by CA. D.S. Rawat Partner, Bansal Co.

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Property, plant and equipment IAS 16

Property, plant and equipment IAS 16. LACPA IFRS Presentation. Overview of session. 1. Introduction – definitions. 2. Measurement and recognition. 3. Subsequent measurement. 4. Depreciation. 5. Derecognition. 6. Impairment . 7. Disclosures. Property, plant and equipment.

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IAS 16: Property, Plant and Equipment (PPE)

IFRS Training Program Day 3 – December 4, 2008 Submitted by – Mukesh Thakur. IAS 16: Property, Plant and Equipment (PPE). Purpose of the Standard. To prescribe the accounting treatment for Property, Plant and Equipment (PPE) The principal issues are

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IAS 16 PROPERTY, PLANT EQUIPMENT

PROPERTY, PLANT

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FINANCIAL INSTRUMENTS AS-30, AS-31 & AS-32 D.S. RAWAT FCA Partner, Bansal & Co.

FINANCIAL INSTRUMENTS AS-30, AS-31 & AS-32 D.S. RAWAT FCA Partner, Bansal & Co. ACCOUNTING FOR FINANCIAL INSTRUMENTS. AS-30 Recognition and Measurement AS-31 Presentation AS-32 Disclosures. What is Financial Instruments?. Not limited to - Investment

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Property, Plant and Equipment

Property, Plant and Equipment. Recent financial statement audits identified significant deficiencies Need to write-on PP&E assets that should have been capitalized in prior years. PP&E not moved in a timely manner from CWIP balances to completed PP&E SGLs.

400 views • 16 slides

Property, Plant and Equipment

Property, Plant and Equipment. IAS 16, IAS 23, IFRIC 1 ARB 43, APB 21, APB 29, SFAS 34, SFAS 143, SFAS 153, SFAS 154, FIN 30, FIN 47. Initial Recognition. Comprises tangible assets held by an entity for use in production…expected to be used for more than one period

536 views • 14 slides

Property, Plant, & Equipment

Property, Plant, & Equipment. By: John Hanna Justin Byrd. Property, Plant, & Equipment. PP&E is a part of generally every company in the country PP&E is also known as “fixed assets”

794 views • 37 slides

IAS 16 Property Plant Equipment

IAS 16 Property Plant Equipment. 1. Non-Current Assets. Statement of Financial Position The recognition of assets (Cost) The determination of their carrying amounts (NBV) The depreciation charges and any losses relating to them. 2. Accounts. NCA Cost Account Disposals Account

536 views • 26 slides

PROPERTY, PLANT & EQUIPMENT

PROPERTY, PLANT & EQUIPMENT. Recognition of property, plant & equipment Measurement at recognition Depreciation expense Reassessment of useful life and residual value Disposals Measurement after recognition. OUTCOMES. Explain the recognition criteria for property, plant and equipment

601 views • 22 slides

Presented by:- Cherry Bansal Managing Partner D.K. Bansal & Co., Chartered Accountants

Foreign Entities – Setting up of office in India. Presented by:- Cherry Bansal Managing Partner D.K. Bansal & Co., Chartered Accountants. India: The rest of the story. UNCTAD survey projected India as the second most important FDI destination (after China) during 2010-2012.

480 views • 36 slides

Property, plant and equipment

Property, plant and equipment. Typical coverage of US GAAP. Definition Acquisition of PP&E: General Self-constructed assets Interest costs during construction Initial cost of natural resources Valuation at acquisition: Exchange of non-monetary assets Lump-sum purchases

1.52k views • 37 slides

Property, Plant and Equipment

Property, Plant and Equipment. http://www.cc.cec/budg/. Overview of session. 1. Scope of application and key concepts. 2. Recognition. 3. Measurement. 4. Additional learning points. 5. Disclosures. 6. E.C. specific implications. 7. Questions. Property, Plant and Equipment.

832 views • 46 slides

IAS-16 Property, Plant & Equipment

Objective : The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. The principal issues are: the timing of recognition of asset; the determination of their carrying amounts; and the depreciation charges to be recognized. Scope

1.79k views • 25 slides

Property, plant and equipment (PPE)

Property, plant and equipment (PPE). Updates: From Fixed Assets to Property, Plant and Equipment (PPE), consistence with the wording used in the RMIT statutory account. Current version of PPE policies and procedures can be found via the following link:

561 views • 17 slides

Property, Plant & Equipment

Chapter 11. Property, Plant & Equipment. Prepared by Kent Wilson. Objectives. Understand the nature of property, plant and equipment Understand initial measurement and recognition criteria Alternative measurement subsequent to initial recognition The cost model The revaluation model

717 views • 29 slides

PROPERTY, PLANT & EQUIPMENT [IAS 16]

PROPERTY, PLANT & EQUIPMENT [IAS 16]. LECTURE OBJECTIVES: Cost determination of assets Subsequent expenses Rehabilitation & Decommissioning Accounting for component assets Major components Collective components Revaluation of assets Gross & net replacement methods Implementation dates

733 views • 14 slides

IAS 16 - Property , plant and equipment

IAS 16 - Property , plant and equipment. Executive summary. IFRS permits periodic revaluation of an entire class of fixed assets to fair value. US GAAP does not allow revaluation.

727 views • 34 slides

Property, Plant and Equipment: IAS 16

Property, Plant and Equipment: IAS 16. JOIN KHALID AZIZ. ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM. FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE B, B.COM, BBA, MBA & PIPFA. COST ACCOUNTING OF ICMAP STAGE 2,3 ICAP MODULE D, BBA, MBA & PIPFA. CONTACT: 0322-3385752

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IAS-16 Property, Plant & Equipment

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Property, Plant and Equipment

Property, Plant and Equipment. By Judith Muhoro. Overview of session. 1. Scope of application and key concepts. 2. Recognition. 3. Measurement. 4. Additional learning points. 5. Disclosures. Property, Plant and Equipment. 1. Scope of application and key concepts. P,P&E.

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IAS-16 Property, Plant and Equipment by CA. D.S. Rawat Partner, Bansal Co.

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Presentation Transcript

Property, plant and equipment IAS 16

IAS 16: Property, Plant and Equipment (PPE)

IAS 16 PROPERTY, PLANT EQUIPMENT

FINANCIAL INSTRUMENTS AS-30, AS-31 &amp; AS-32 D.S. RAWAT FCA Partner, Bansal &amp; Co.

Property, Plant and Equipment

Property, Plant and Equipment

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IAS 16 Property Plant Equipment

PROPERTY, PLANT &amp; EQUIPMENT

Presented by:- Cherry Bansal Managing Partner D.K. Bansal &amp; Co., Chartered Accountants

Property, plant and equipment

Property, Plant and Equipment

IAS-16 Property, Plant &amp; Equipment

Property, plant and equipment (PPE)

Property, Plant &amp; Equipment

PROPERTY, PLANT &amp; EQUIPMENT [IAS 16]

IAS 16 - Property , plant and equipment

Property, Plant and Equipment: IAS 16

IAS-16 Property, Plant &amp; Equipment

Property, Plant and Equipment

FINANCIAL INSTRUMENTS AS-30, AS-31 & AS-32 D.S. RAWAT FCA Partner, Bansal & Co.

Property, Plant, & Equipment

PROPERTY, PLANT & EQUIPMENT

Presented by:- Cherry Bansal Managing Partner D.K. Bansal & Co., Chartered Accountants

IAS-16 Property, Plant & Equipment

Property, Plant & Equipment

PROPERTY, PLANT & EQUIPMENT [IAS 16]

IAS-16 Property, Plant & Equipment