According to IAS 16 - Property, Plant and Equipment the objective of IAS 16 is "to prescribe the accounting treatment for property, plant, and equipment. The principal issues are the recognition of assets, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognised in relation to them. "
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ReplyDeletethis is very brief and descriptive explanation of IAS and it is easy to understand but only for people who are familiar with accounting.
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ReplyDeleteThe objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. The principal issues are the recognition of assets, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognize in relation to them.
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The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so
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this is very concise description of IAS 16. one can easily understand it. IAS 16 can be defined more consisely han it is.
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The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. The principal issues are the recognition of assets, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognize in relation to them.
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charges to be recognized in relation the deprecation charges to be recognized inn relation to them.
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this is very concise description of IAS 16. one can easily understand it. IAS 16 can be defined more consisely han it is.
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IAS STANDARD basically use for the treatment of plant,building etc.These are issue to recognition of assets,depreciation and losses to relat them.
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The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so
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