Home  Journals  International Accounting  10(142) - 2010 August

Implementation of the treatment of fixed assets during the transition to International Financial Reporting Standards

Available online: 20 August 2010

Subject Heading: PROBLEMS OF ACCOUNTING

JEL Classification: 

The author raises questions introduce the principles and rules of accounting of fixed assets, installed IAS 16 in the Russian practice of accounting in this article. The author reveals the basic rules of accounting of fixed assets, with specific examples of assessment, reassessment and calculation of depreciation. The paper contains a comparative analysis of criteria for the recognition, evaluation, depreciation of fixed assets under IAS 16 and the Russian legislation.

Keywords: property, plant and equipment, cost depreciable amount, an impairment loss, carrying amount, impairment of assets, fair value, amortisation

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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