Property, Plant & Equipment Accounting Cheat Sheet
Property, Plant and Equipment (PPE), also known as Fixed Assets, constitute a significant portion of a company's asset base. Accounting for these tangible assets can be challenging and confusing. As an accounting student or professional, having a helpful and handy guide like our PROPERTY, PLANT & EQUIPMENT ACCOUNTING CHEAT SHEET will reinforce your understanding of fixed assets and how to present them in the financial statements.
Simplify your learning journey with our Property, Plant & Equipment Accounting Cheat Sheet! This resource spans NINETEEN (19) pages, offering key information to help you confidently grasp important concepts about property, plant and equipment accounting.
CONTENT HIGHLIGHTS:
✔ Recognition of a property, plant and equipment asset
✔ Initial and subsequent measurements of property, plant and equipment
✔ Acquisition of property, plant and equipment
✔ Derecognition of property, plant and equipment
✔ Land, building, machinery, equipment, furniture & fixtures, natural resources
✔ Subsequent property, plant and equipment costs
✔ Borrowing costs
✔ Depreciation and depletion
✔ Revaluation of property, plant and equipment
✔ Impairment of property, plant and equipment
BONUS: Together with this cheat sheet is our Adjusting Entries cheat sheet which you can download for FREE!
IMPORTANT: Please note that the contents of this cheat sheet are exclusively based on the International Financial Reporting Standards (IFRS). It's important to be aware that variations might exist between this standard and other accounting standards.
Access this digital cheat sheet anytime through a PDF reader on your preferred device. Download our cheat sheet today and take your first step toward mastering accounting!
WHAT YOU'LL GET:
✔ Property, Plant and Equipment accounting cheat sheet (downloadable 19-page PDF file).
✔ Adjusting Entries accounting cheat sheet (downloadable 1-page PDF file).
NOTE:
➤ For printing, we recommend U.S. legal size paper (8.5x14 inches). Since this product is primarily intended for digital viewing, some small characters may not print clearly.
➤ Due to the digital nature of this product, we do not accept returns, exchanges or cancellations. No physical items will be shipped.
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DISCLAIMER:
➤ This cheat sheet only supplements your accounting studies and should not replace official educational resources provided by authorized bodies.
➤ This cheat sheet does not guarantee any specific outcomes. In no event shall we be liable for any direct, indirect, incidental, special, or consequential damages arising from your use of this product.
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