Accounting Standards and Practice for Property, Plant and Equipment in Afterpaytouch
VerifiedAI Summary
This study intends at analysing the accounting for Property, Plant and Equipment (PPE) in one of the ASX listed companies named Afterpaytouch. The findings of the report shows that Afterpaytouch has applied the professional judgements related to PPE accounting in the most appropriate manner and this has resemblance with other companies in the same industry like Bravura Solutions. The findings also show that reasonableness is there in the accounting treatment of PPE in Afterpaytouch since the rules and regulations of AASB 116 have been followed by the company. The report further finds that appropriate application and disclosure of PPE related information in Afterpaytouch reflects all the qualitative characteristics of financial information.
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