PROPERTY PLANT AND EQUIPMENTS

calculator calculation insurance finance 53621 1

2020 Updated list of International Accounting Standards (IAS)

The following are the list of updated international accounting standards (IAS) in 2020:

Read the rest

What is property, plant and equipment?



Property, plant and equipment also abbreviated as PPE are tangible item that:

 

  • are held for use in production or supply of goods or services, for rental to others, or for administrative purpose; and
  • are expected to be used during more than one accounting period.
propertyplantandequipment

Items such as spare parts, stand by equipment and servicing equipment

Read the rest