PP&E (Property, Plant, & Equipment)
FEATURED ARTICLES
All articles in this category pertain to property, plant, and equipment, also known as PP&E. PP&E refers to the tangible long-term assets that are key to a company’s operations. Buildings and machinery are examples of these assets. These physical assets cannot be liquidated or sold easily.
The standards providing guidance for PP&E include ASC 360, IAS 16, and GASB 34.
Learn more about PP&E below.
Recent articles
A Look Back at 2020 Lease Accounting
An overview of lease accounting in 2020.
The FASB Amends Presentation and Disclosure Requirements for Gifts-in-Kind
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, on September 17, 2020. The ASU is...
When to Test Goodwill and Indefinite-Lived Intangible Assets for Impairment
See how operations negatively affected by COVID-19 can test their assets for impairment.
IAS 40 Investment Property | Examples | PDF
An overview of IAS 40 investment property.
FASB Issues Update for Discontinued Operations
On April 10, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of...
FAF Releases Updated Print Edition of FASB Accounting Standards Codification
By Frank Byrt On March 11, the Financial Accounting Foundation (FAF) released its latest version of the print edition of the Financial Accounting Standard Board's (FASB) Accounting Standards Codification. The publication and its online version represent "the single,...