AS Accounting for Fixed. Assets. CA Final Course Paper 1 Financial. Reporting Chapter 1Unit Page 2. Contents. Introduction. Definitions. AS 10, Accounting for Fixed Assets, was initially issued in vide Plant and Equipment, will be covered as per AS 10 (Revised), Property. AS 10 Property, Plant and Equipment prescribe the accounting treatment for properties, P&E (Plant and Equipment) so that the users of.
| Author: | Nikonos Yozshuktilar |
| Country: | Mauritius |
| Language: | English (Spanish) |
| Genre: | Music |
| Published (Last): | 6 August 2006 |
| Pages: | 453 |
| PDF File Size: | 20.60 Mb |
| ePub File Size: | 1.82 Mb |
| ISBN: | 235-8-25486-206-2 |
| Downloads: | 48206 |
| Price: | Free* [*Free Regsitration Required] |
| Uploader: | Tezilkree |
As the exams are closing by, students are looking for updates which are applicable for May examinations.
File all GST returns for your clients with automated data reconciliation – No download required. Updated on Oct 12, – Admin April 25, – FREE software to e-file tax return of your clients. No software installation required Safe and Secure. Admin April 30, – 1: To download the PDF files, click the links below: The standard also prescribes, that the residual value and useful life of an asset must be reviewed at the end of each financial year and, in case the expectations vary from the previous estimates, changes must be accounted for as changes in accounting estimate as per Accounting Standard 5 — Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies.
Shraddha Tawde April 23, – 1: You may want to like our Page on Facebook for more updates like this. Admin May 2, – 1: Invest in best performing Mutual funds for building long term wealth.
Paid E-filing by Expert CAs. Log In Sign Up. I have old books. Various depreciation methods could be used for allocating the depreciable amount of an asset on a methodical basis over the useful life of the asset. Rajesh April 29, – 1: Some are minor and some are major in nature.
AS 10 Property, Plant and Equipment
According to the cost model, after recognizing the asset as an item of property or plant and equipment, it should be carried at the cost less the accumulated depreciation and the accumulated impairment losses if any. In this article we cover the following as110 Get done in 7 mins.
There have been many amendments in various subjects.
As per revaluation model, once the asset is recognized and its fair value could be measured reliably, then it must be carried at the revalued amount, which is the fair value of such asset at the date of the revaluation as reduced any following accumulated depreciation and accumulated impairment losses if any. Admin April 24, – 2: Depreciable amount of any asset should be allocated on a methodical basis over the useful life of the asset.
Ramya August 27, – 1: The authors have even included a few illustrations for understanding purposes. To download the PDF files, click the links below:. Admin April 29, – 3: Admin February 20, It would be great if you can share these notes with your friends pursuing CA. It is also important to note that AS 6 — Accounting for Depreciation stands withdrawn and such matters related to depreciation is included in AS Plans start from Rs.
One such major amendment is in Accounting Standards AS.
Revised AS 10 PPE Notes for IPCC & Final May 2017
How to file GST Returns? This will definitely help the students in their exam preparation. The relevant changes are incorporated in the same. The method of depreciation employed must reflect the pattern of future economic benefits of the asset consumed by an enterprise.
AS 10 Property, Plant and Equipment
The methods include SLM Straight-line Methoddiminishing balance method or units of production method. If you are looking for amendments, you will find them in RTP. AS 10 deals with accounting for assets held for sale and items of fixed assets retired from active use. Comments abhishek April 7, – Admin April 7, – Bulbul August 19, – 7: Is this the only amendment given in the supplementary material?
Manoj May 10, – You can also download revision test papers RTP applicable for your attempt. Nikita Kotian April 30, –