Financial Reporting and Regulatory Frameworks

Property, plant and equipment (PPE) constitutes a significant portion of the total assets of a company. It is therefore very important to keep proper records of the PPE items and to account for them accurately in the financial statements. The aim of this study is to investigate the accounting treatment for property, plant and equipment. Then the results must be analysed to discuss the international critique with respect to the standard. This study also aims to give recommendations on how the sta...

IAS 16: Property, plant and equipment is internationally accepted and have many strengths. There are also many weaknesses regarding this Standard. We need better ways to improve this Standard. The aim of this study is to investigate the critique of Property, Plant and Equipment internationally. In order to achieve the above aim, the following objectives will be addressed, to:  an overview of the standard;  identify the positive international critique on the standard;  identify the n...