This case study discusses the requirement of AASB 16 in relation to property, plant, and equipment assets. It also analyzes the accounting of Sea Eagles by an auditing team.

Learn about the requirements of AASB 16 in relation to property, plant, and equipment assets and the accounting analysis of Sea Eagles by an auditing team.

AASB 16 and Property, Plant, and Equipment Assets

Accounting

This report discusses the depreciation of Plant, Property and Equipment under AASB 116 and its implications. It also includes an analysis report for Sea Eagle Ltd. by the auditing team. The report covers factors like normal use of the resource, expected wear and tear, and technical obsolescence. The study material is relevant for ACC201 course.

 St. Bridget College

Political Science

Depreciation of Plant, Property and Equipment under AASB 116 - Desklib

This report discusses the depreciation of Plant, Property and Equipment under AASB 116 and its implications. It also includes an analysis of Sea Eagle Ltd. by the auditing team. The report concludes with a summary of the key findings.

This case study discusses Marion's decision to change the depreciation method of Pringles Ltd without proper disclosure, violating IAS 16 and AASB 116. The importance of disclosing such changes in financial statements is highlighted.

Changing Depreciation Methods and Compliance with IAS 16 or IASB 116

This presentation discusses the importance of valuing physical and tangible assets, specifically Property, Plant and Equipment (PPE), in order to report fair values to stakeholders. It analyzes the complexities and key issues involved in accounting for PPE, provides a detailed explanation of the PPE disclosures made by the company, and critically analyzes to what extent the latest annual report of the company meets the disclosure requirements of accounting for PPE as per AASB 116. The presentation concludes that the company has an efficient valuation and reporting system and recommends that the company follows the same in the future valuation and reporting activities.

Property Plant and Equipment Valuation

This article discusses the accounting policies used by AGL Energy to estimate the value of its Property, Plant, and Equipment (PPE) assets based on AAS 108 guidelines. It also examines the different methods used to calculate depreciation and how AGL adheres to AASB 108 guidelines to achieve professional judgment. The article concludes by recommending that AGL should continue to adhere to AASB 108 guidelines and make changes in policy when necessary.

Hartpury University and Hartpury College

Accounting Policies and Estimates on PPE

This report explains the concept of depreciation and the two accounting models for asset measurement, cost model and revaluation model, as per IAS 16. It also discusses the impact of these models on financial statements.

AASB 16 and Property, Plant, and Equipment Assets

Depreciation of Plant, Property and Equipment under AASB 116 - Deskliblg...

Depreciation of Plant, Property and Equipment under AASB 116 - Deskliblg...

Changing Depreciation Methods and Compliance with IAS 16 or IASB 116lg...

Property Plant and Equipment Valuationlg...

Accounting Policies and Estimates on PPElg...

Accounting Financial Analysis Reportlg...

Depreciation of Plant, Property and Equipment under AASB 116 - Desklib

Depreciation of Plant, Property and Equipment under AASB 116 - Desklib

Changing Depreciation Methods and Compliance with IAS 16 or IASB 116

Property Plant and Equipment Valuation

Accounting Policies and Estimates on PPE

Accounting Financial Analysis Report