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IAS 16 Property Plant & Equipment Overview

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Hyderabad Chapter of ICWAI
Hyderabad Chapter of ICWAI
BusinessTechnology
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IAS 16 Property Plant & Equipment - N R GOVINDARAJAN Chartered Accountant FCA, AICWA,CISA, DISA (ICAI)
Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Meaning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Scope and Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exclusions ,[object Object],[object Object],[object Object],[object Object]
DEFINITIONS
Initial recognition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Measurement of Cost ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Subsequent Recognition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Subsequent costs ,[object Object],[object Object],[object Object],[object Object],[object Object]
Spare Parts and Standby Equipment
Impairment REFER IAS 36
De recognition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Revaluation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Revaluation ,[object Object],[object Object]
Accumulated Depreciation and Revaluation ,[object Object],[object Object]
Depreciation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Component model ,[object Object],[object Object],[object Object]
Disclosures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Decommissioning, restoration and similar liabilities ,[object Object],[object Object],[object Object]
Recognition ,[object Object],[object Object],[object Object]
Changes in decommissioning, restoration and similar liabilities ,[object Object],[object Object]
SUMMARY – IAS 16 VS IGAAP AS 10 CHANGE IN POLICY – RETROSPECTIVE EFFECT CHANGE IN ESTIMATE – PROSPECTIVE EFFECT CHANGE IN THE METHOD EXPENSED OFF TREATED AS A COMPONENT AND CAPITALISED OVERHAULING NO REGULAR UPDATION REGULAR UPDATION REVALUATION BASED ON SCH IV BASED ON USEFUL LIFE DEPRECIATION NOT MANDATED MANDATED COMPONENT APPROACH INDIAN GAAP IFRS Nature of item
THANK YOU [email_address]

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IAS 16 Property Plant & Equipment Overview

  • 1. IAS 16 Property Plant & Equipment - N R GOVINDARAJAN Chartered Accountant FCA, AICWA,CISA, DISA (ICAI)
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  • 24. SUMMARY – IAS 16 VS IGAAP AS 10 CHANGE IN POLICY – RETROSPECTIVE EFFECT CHANGE IN ESTIMATE – PROSPECTIVE EFFECT CHANGE IN THE METHOD EXPENSED OFF TREATED AS A COMPONENT AND CAPITALISED OVERHAULING NO REGULAR UPDATION REGULAR UPDATION REVALUATION BASED ON SCH IV BASED ON USEFUL LIFE DEPRECIATION NOT MANDATED MANDATED COMPONENT APPROACH INDIAN GAAP IFRS Nature of item