Global Standards for the world economy

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 Occasional Education Notes


To assist those teaching and training IFRS Standards, the IFRS Foundation education initiative occasionally publishes articles that explain particular IFRS requirements.



Depreciation and IFRS in this article Wayne Upton, Director of International Activities, IASB, explains some of the estimates and judgements that are necessary to account for depreciation in accordance with IAS 16 Property, Plant and Equipment

19 November 2010
As jurisdictions implement International Financial Reporting Standards (IFRSs), many find that the accounting for fixed assets is a special challenge. Their previous accounting was often influenced or governed by tax, rather than financial, reporting rules. They wonder how much their previous practices must change to conform to the guidance in IAS 16 Property, Plant and Equipment. This short article attempts to assist in answering those questions by examining some of the principles in IAS 16. Read more... 




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