WebSection 17 of FRS 102 and FRS 15 are primarily about Property, plant and equipment (‘PPE’) or ‘fixed assets’ to use the Companies Act and FRS 15 terminology. Both standards are broadly ... Web(a) property, plant and equipment classified as held for sale in accordance with SB-FRS 105 Non-current Assets Held for Sale and Discontinued Operations. (b) biological assets related to agricultural activity other than bearer plants (see SB-FRS 41 Agriculture). This Standard applies to bearer plants but it does not apply to the

Property, Plant and Equipment IAS 16 - IFRS

WebDec 8, 2016 · A fixed asset is accounted for under Section 17 when the asset is held for use in the production or supply of goods or services; for rental to others; or for administrative purposes and is expected to be used for more than one accounting period. In order to qualify for recognition on the balance sheet, FRS 102 contains two strict criteria which ... WebJan 5, 2016 · Summary. Inventories are defined as assets: held for sale in the ordinary course of business. in the process of production for such sale; or. in the form of materials or supplies to be consumed in the production process or rendering of services. Section 13 applies to all inventories with the exception of: work in progress arising under ... if statement in pyspark

Section 12 – Other Financial Instruments issues - FRS 102

WebFeb 9, 2024 · A non-current asset held for sale is an asset whose intention on the part of a company is to dispose of it rather than its use in the production, supply of goods and … Web(a) property, plant and equipment classified as held for sale in accordance with IFRS 5 . Non-current Assets Held for Sale and Discontinued Operations. (b) biological assets related to agricultural activity other than bearer plants (see IAS 41 . Agriculture). This Standard applies to bearer plants but it does not apply to the produce on bearer ... if statement in processing