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Fixed Asset Accounting- Tracet

Fixed asset Accounting under IFRS

Fixed asset Accounting under IFRS Fixed assets can be classified basically in to two categories i.e tangible & intangible, Under IFRS , IAS-16 –Property, Plant & Equipment deals with tangible fixed asset except the assets held for capital appreciation. In case asset held for capital appreciation that assets has been separately covered under IAS-40 Investment […]

management

8 ways to Manage Fixed Assets Effectively

8 ways to Manage Fixed Assets Effectively In current competitive business environment, organizations view business profitability not just as a function of revenue, but also better management of resources. Fixed assets often comprise a significant portion of the total assets of an enterprise, and therefore secure an important position on the Balance sheets. The very fact […]

depreciation

Depreciation as per Companies Act 2013

Depreciation as per Companies Act 2013 The new enactment on Companies Act, 2013 (the New Act) has brought in significant changes on various aspects of financial statements to make it more contemporary and relevant, to corporates, regulators and other stakeholders in India. Section 123(2) of the New Act states that depreciation shall be provided in […]

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