Accounting treatment for property, plant and equipment

The Institute of Chartered Accountants of India

Indian Accounting Standard (Ind AS) 16, Property, Plant and Equipment prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant and equipment and the changes in such investment. This Educational Material contains summary of Ind AS 16 discussing the key requirements of the Standard and the Frequently Asked Questions (FAQs) covering the issues, which are expected to be encountered frequently while implementing this Standard.

Relevant link to download the Educational Material: http://resource.cdn.icai.org/46263indas36370.pdf