Derecognition of ppe - Studienführer, Klassennotizen & Zusammenfassungen

What if not followed IAS or IFRS? Not True and Fair = UNETHICAL Why PRINCIPLES not RULES? Principles harder to circumvent Why have a FRAMEWORK? Provides guidances for standards setters Gives guidance where no standards exist Helps all parties with intrerpretation 2 x Useful qualities of financial information RELEVANCE = Influences Decisions FAITHFUL REPRESENTATION = Complete, Neutral, No Errors What does RELEVANCE offer? PREDICTIVE VALUE CONFIRMATORY VALUE 4 X Qualities of FAITHFU...

A summary of the important definitions in IAS 16, the initial and subsequent measurement of property, plant and equipment on the cost model and the revaluation model, the elements of cost, methods of depreciation, impairment, derecognition, presentation and disclosure of PPE and how to account for changes in the fair value of PPE.

Non-current assets, Plant, property and equipment, recognition, derecognition, depreciation, selling, scrapping, selling, trade-in, asset disposal, insurance claim, disclosures, PPE notes and journals, inspections, Intangible assets, Amortisation, effect of change in foreign exchange rates, buying and selling of foreign exchange rates, company as a form of an entity, ordinary and preference shares, classification of share capital, underwriters, employee benefits, Financial instruments, provision...

A comprehensive and thorough discussion on IAS16. Includes an introduction and overview of the Standard. IAS and PPE is discussed with a list of definition that can also be found in this Chapter. Recognition, Measurement, Revaluation, Depreciation, Derecognition and Disclosures are also discussed. Please note that this Chapter has already been submitted to ICB. This has been uploaded for research purposes.

These notes explain what dividends tax is and how to account for it at a first year accounting level; they explain fundamental concepts about company tax and how to calculate it. Additionally, they explain how investing in another company's shares work and how to account for its initial, subsequent and derecognition in journal entries. Lastly, the notes explain what PPE is, how it is recognised at all of its stages of the asset life cycle and at what cost, as well as how to account for deprecia...

Which ONE of the following statements best describes 'residual value'? 1. The estimated net amount currently obtainable if the asset were at the end of its useful life 2. The present value of estimated future cash flows expected to arise from the continuing use of the asset and from its ultimate disposal 3. The amount at which the asset could be exchanged between knowledgeable, willing parties in an arm's length transaction 4. The amount of cash or cash equivalents that could currently ...

Property, plant and equipment (PPE) constitutes a significant portion of the total assets of a company. It is therefore very important to keep proper records of the PPE items and to account for them accurately in the financial statements. The aim of this study is to investigate the accounting treatment for property, plant and equipment. Then the results must be analysed to discuss the international critique with respect to the standard. This study also aims to give recommendations on how the sta...

How do we write down PPE in our financials statements, how do we recognise it, how do we calculate depreciation, etc.