Property, Plant and Equipment (IAS 16)
Dissertation
By
Name & Surname
(Student Number)
submitted in partial fulfilment of the requirements for the National Diploma:
Financial Accounting
(Qualification ID)
Date
DECLARATION BY STUDENT:
I declare that this min-dissertation submitted by me, is my own work, that I have referenced
all the sources that I have used and that no part was previously submitted at any tertiary
institution.
Signature: __________ Date: __________
i
,Dedication
I would like to dedicate this dissertation to my mother to thank her for her continuous
support. She never stopped encouraging me.
ii
,Acknowledgements
I wish to express my most sincere gratitude to the following people for their time, guidance
and motivation in helping me to complete this dissertation:
Institution, for giving me this opportunity to do this research project;
Almighty God, who gave me the wisdom to undertake and complete this study;
My supervisor, for his mentorship, motivation and comments during this study;
My mother, for her continuous support, encouragement and for being my pillar of
strength;
My father and my brother for their continuous support, and
My friends who motivated me toward completing this work.
iii
, Abstract
Property, plant and equipment (PPE) constitutes a significant portion of the total assets of a
company. It is therefore very important to keep proper records of the PPE items and to
account for them accurately in the financial statements. The aim of this study is to investigate
the accounting treatment for property, plant and equipment. Then the results must be
analysed to discuss the international critique with respect to the standard. This study also
aims to give recommendations on how the standards could be improved.
The following objects are addressed in this study: asset recognition and derecognition, useful
life, depreciation, useful life and measurement. Also included in in this study is the positive
and negative international critique (perceived strengths and weaknesses) concerning the
standard.
This study used a qualitative research approach to collect data. Suggestions on further
research is also made.
iv
Dissertation
By
Name & Surname
(Student Number)
submitted in partial fulfilment of the requirements for the National Diploma:
Financial Accounting
(Qualification ID)
Date
DECLARATION BY STUDENT:
I declare that this min-dissertation submitted by me, is my own work, that I have referenced
all the sources that I have used and that no part was previously submitted at any tertiary
institution.
Signature: __________ Date: __________
i
,Dedication
I would like to dedicate this dissertation to my mother to thank her for her continuous
support. She never stopped encouraging me.
ii
,Acknowledgements
I wish to express my most sincere gratitude to the following people for their time, guidance
and motivation in helping me to complete this dissertation:
Institution, for giving me this opportunity to do this research project;
Almighty God, who gave me the wisdom to undertake and complete this study;
My supervisor, for his mentorship, motivation and comments during this study;
My mother, for her continuous support, encouragement and for being my pillar of
strength;
My father and my brother for their continuous support, and
My friends who motivated me toward completing this work.
iii
, Abstract
Property, plant and equipment (PPE) constitutes a significant portion of the total assets of a
company. It is therefore very important to keep proper records of the PPE items and to
account for them accurately in the financial statements. The aim of this study is to investigate
the accounting treatment for property, plant and equipment. Then the results must be
analysed to discuss the international critique with respect to the standard. This study also
aims to give recommendations on how the standards could be improved.
The following objects are addressed in this study: asset recognition and derecognition, useful
life, depreciation, useful life and measurement. Also included in in this study is the positive
and negative international critique (perceived strengths and weaknesses) concerning the
standard.
This study used a qualitative research approach to collect data. Suggestions on further
research is also made.
iv
