IAS 16

GPTKB entity

Statements (61)

Predicate	Object
gptkbp:instance_of	gptkb:standard
gptkbp:bfsLayer	4
gptkbp:bfsParent	gptkb:International_Accounting_Standards
gptkbp:affects	Financial ratios
gptkbp:allows	Revaluation model for assets
gptkbp:applies_to	gptkb:noble_title gptkb:plant gptkb:Basketball_Player Investment decisions Financial statements Private sector entities Public sector entities
gptkbp:appointed_by	gptkb:International_Accounting_Standards_Board
gptkbp:defines	Residual value of an asset Useful life of an asset
gptkbp:established	Accounting treatment for property, plant and equipment
https://www.w3.org/2000/01/rdf-schema#label	IAS 16
gptkbp:includes	Examples of property, plant and equipment
gptkbp:is_compared_to	USGAAP
gptkbp:is_essential_for	gptkb:Investor_relations gptkb:Company Mergers and acquisitions Risk management Financial stability Resource allocation Corporate governance Strategic planning Financial analysis Regulatory compliance Financial transparency Cost control Performance measurement Stakeholder communication Valuation of companies Capital budgeting Creditworthiness assessment Market confidence Compliance with IFRS Economic decision-making Investment appraisal
gptkbp:is_implemented_in	December 1993
gptkbp:is_involved_in	Financial reporting Asset valuation Tax reporting
gptkbp:is_part_of	gptkb:standard
gptkbp:is_referenced_in	gptkb:Annual_reports
gptkbp:is_related_to	gptkb:IAS_23_Borrowing_Costs IAS 36 Impairment of Assets Asset disposal accounting Asset impairment testing
gptkbp:is_subject_to	Audit requirements
gptkbp:is_used_by	Entities preparing financial statements
gptkbp:is_used_in	Construction industry Manufacturing industry Service industry
gptkbp:provides_information_on	Initial recognition of assets Subsequent measurement of assets
gptkbp:requires	Disclosure of accounting policies Depreciation of assets Recognition of assets at cost
gptkbp:updates	Amendments and interpretations