FRS 16 固定资产 FRS16PROPERTY,PLANTANDEQUIPMENT LearningObjectives •Recognizeproperty,plantandequipment•Identifyinitialcoststoincludeintheacquisitionof property,plantandequipment•Describeaccountingtreatm
The components of other comprehensive income include: (a) changes in revaluation surplus (see FRS 16 Property, Plant and Equipment and FRS 38 Intangible Assets); (b) remeasurements of defined benefit plans (see FRS 19 Employee Benefits); (c) gains and losses arising from translating the ...
Examines the implications of FRS-3: Accounting Property, Plant and Equipment for valuers, accountants and clients in New Zealand. Fair value; Reporting standard and valuation methodology; Asset componentization and depreciation.BuntValuationWilliam
However, cash payments to manufacture or acquire assets held for rental to others and subsequently held for sale as described in paragraph 68A of FRS 16 Property, Plant and Equipment are cash flows from operating activities. The cash receipts from rents and subsequent sales of such assets are ...
Section 16: Investment Property Section 16 applies to accounting for properties held by the owner or lessee to earn rentals and/or for capital appreciation. It does not apply to property used in the production or supply of goods or services or administrative purposes or held for sale in the ...
Property, plant and equipment You have the option of adopting a policy of revaluation under both existing UK GAAP and FRS 102. UK GAAP includes more prescriptive guidance on the frequency of valuations than FRS 102. FRS 102 requires revaluation with “sufficient ...
7 FINANCIAL STATEMENTS 9 Purpose of financial statements 9 Complete set of financial statements 10 General features 15 Fair presentation and compliance with FRSs 15 Going concern 25 Accrual basis of accounting 27 Materiality and aggregation 29 Offsetting 32 Frequency of reporting 36 Comparative ...