Property, plant and equipment (IAS 16)

Get Started. It's Free
or sign up with your email address
Property, plant and equipment (IAS 16) by Mind Map: Property, plant and equipment (IAS 16)

1. Recognition and measurement

1.1. Recognition of costs

1.1.1. Initial recognition as an asset

1.1.2. Subsequent recognition as an asset

1.2. Measurement

1.2.1. Initial measurement

1.2.1.1. Elements of cost

1.2.1.2. Self-constructed assets

1.2.1.3. Bearer plants

1.2.1.4. Measurement of cost

1.2.1.5. Safety or environmental costs

1.2.1.6. Spare parts, stand by equipment and servicing equipment

1.2.2. Subsequent measurement

1.2.2.1. Accounting policy choice

1.2.2.2. Cost model

1.2.2.3. Revaluation model

1.2.3. Depreciation

1.2.4. Impairment

1.2.5. Derecognition and disposals

1.2.6. Compensation from third parties

2. Presentation and disclosure

2.1. Presentation

2.2. Required disclosure

2.3. Disclosure - all entities

2.3.1. Accounting policy

2.3.2. Reconciliation

2.3.3. Restrictions, security, commitments and compensation

2.3.4. Estimates

2.4. Disclosure - revaluation model

2.5. Other disclosures

2.5.1. Impairment

2.5.2. Voluntary disclosure

3. Scope and definitions

3.1. Quick overview

3.2. Definitions

3.3. Scope

4. Current issues and further resources

4.1. Current issues

4.1.1. Covid-19 considerations

4.1.2. Future amendments

4.1.3. Reporting Framework differences

4.1.4. IFRIC agenda

4.2. Further resources

4.2.1. Reported Disclosures

4.2.2. IFRS checklist

4.2.3. Model accounts