LAAP bulletin 86: componentisation of property plant and equipment (update)

This updated bulletin discusses the accounting issues under the IFRS-based Code of Practice on Local Authority Accounting (The Code), for separate recognition, depreciation and derecognition of parts of assets (often referred to as "componentisation") under International Accounting Standard 16 (IAS16) – Property, Plant and Equipment (PP&E).

• LAAP Bulletin 86 (update) Componentisation of Property, Plant and Equipment under the 2010/11 IFRS-based Code (PDF, 90 KB)