IPSAS No. h�bbd``b`z$C�C�`1� �1&F�#1�F� �'� The following are examples of items that are not investment property and are therefore The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of financial statements can discern information about an entity’s investment in its property, plant and equipment and the changes in such investment. IPSAS 16: Investment Property (Als Finanzinvestitionen gehaltene Immobilien) IPSAS 17: Property, Plant and Equipment (Sachanlagen) IPSAS 18: Segment Reporting (Segmentberichterstattung) IPSAS 19: Provisions, Contingent Liabilities, Contingent Assets (Rückstellungen, Eventualverbindlichkeiten, Eventualforderungen) IPSAS 20: Related Party Disclosures (Angaben über Beziehungen zu … Investment property is held to earn rentals or for capital appreciation, or both. [IAS 40.5] Examples of in­vest­ment property: [IAS 40.8] land held for long-term capital ap­pre­ci­a­tion In­vest­ment property is property (land or a building or part of a building or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital ap­pre­ci­a­tion or both. The objective of IPSAS 17 is to prescribe the accounting treatment for property, plant and equipment so that users of financial statements can discern information about an entity's investment in its property, plant and equipment and any changes in such investment. �^ ��`��3�0}���J�كSL �&ѓ@�@����z�g�0 �X} Terms of service • Privacy policy • Editorial independence. 2.1 Accounting for property, plant and equipment GRAP 17 (IPSAS 17) 2.2 Inventories GRAP 12 (IPSAS 12) 2.3 Investment property GRAP 16 (IPSAS 16) 2.4 Intangible assets GRAP 31 (IPSAS 31) 2.5 Agricultural assets GRAP 27 (IPSAS 27) 2.6 Heritage assets GRAP 103 IPSAS 1 - 17 International Public Sector Accounting Standards (Beschreibung in deutscher Sprache) Bernhard Knechtenhofer, lic. The Standard requires an entity to measure an item of property, plant and IPSAS 17: Property, Plant and Equipment 155. 15, 26 . PROPERTY, PLANT AND EQUIPMENT IPSAS 17 496 Objective 1. IPSAS 11 – Construction Contracts; IPSAS 12 – Inventories; IPSAS 13 – Leases; IPSAS 14 – Events After the Reporting Date; IPSAS 15 Financial instruments: Disclosure and Presentation; IPSAS 16 – 20. This course primarily relies on lecture and class discussion, although we also utilize in-class individual and group exercises to illustrate theory and practice relevant to financial decision-making regarding International Public Sector Accounting Standards (IPSAS). Principal definitions. IPSAS 16: Investment Property 149. This is because under the fair value model in IPSAS 16, an investment property is carried at fair value at the reporting date and any impairment will be taken into account in the valuation. Sync all your devices and never lose your place. oec. property plant and equipment (IPSAS® 17) ®intangible assets (IPSAS® 31) investment property (IPSAS® 16) impairment of cash generating assets (IPSAS® 26) impairment of non-cash generating assets (IPSAS® 21) borrowing costs (IPSAS® 5) inventories (IPSAS® 12) consolidation under the cash basisleases (IPSAS® 13) Objective: To prescribe the principles for initial recognition and subsequent accounting for property, plant and equipment (carrying amount, depreciation and impairment loss) IPSAS No. In late 2003, the IPSASBs predecessor, the Public Sector Committee (PSC),2 actioned an IPSAS improvements project to converge, where appropriate, IPSASs with the improved IASs issued in December 2003. 157 0 obj <> endobj It also includes the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities. About the General Government Sector 180 January 1, 2013 Knechtenhofer, lic EQUIPMENT.! 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