IAS 16 Property, Plant and Equipment - Cheat Sheet

The basics of tangible assets accounting principles and insights in one place.

This guide is for your if:

• You want to develop your accounting expertise in fixed asset accounting
• You need to learn basic principles for recognition and measurement the property and equipment

What is included:

• 10 Definitions of key standard terms
• Fair value explained
• 2 Recognition criteria
• 3 Elements of cost of tangible assets
• Cost vs Revaluation model
• 2 Methods of adjusting accumulated depreciation
• 11 Mandatory disclosures
• 10+ Examples on how to book expenditure: CAPEX vs OPES
• 2 Examples of tangible assets accounting  and more

Format available : PDF