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ACCA FR：不动产、厂房和设备初始计量例题
文章来源：ACCA全球官网
发布时间：2021-09-23 11:12
阅读：922次
Summary and detailed examples
This is the final article in the series of three which consider the accounting for property,plant and equipment by applying IAS®16,Property,Plant and Equipment.This is a particularly important area of the Financial Reporting(FR)syllabus and is also important assumed knowledge for the Strategic Business Reporting(SBR)exam.
This article is designed to summarise some of the key issues outlined in the previous two articles and provide further examples for you to attempt,including some more detailed requirements.
As outlined in the first two articles,the four key areas when accounting for PPE that you must ensure that you are familiar with are:
initial measurement
depreciation
revaluation
derecognition
Initial measurement
One of the easiest ways to remember what should be included in the initial cost of an item of PPE is that you should capitalise all costs to bring an asset to its present location and condition for its intended use.
Elements of the cost of an item of PPE include:
purchase price of an asset,including import duties and non-refundable purchase taxes,after deducting trade discounts and rebates
directly attributable costs such as:
costs of employee benefits
cost of site preparation
initial delivery and handling costs
installation and assembly costs
costs of testing whether the asset functions properly
professional fees
the initial estimate of the costs of dismantling and removing the asset and restoring the site on which it is located to its original condition(ie to the extent that it is recognised as a provision per IAS 37,Provisions,Contingent Assets and Liabilities)
borrowing costs in accordance with IAS 23,Borrowing Costs
EXAMPLE 1
On 1 March 20X0 Yucca Co acquired a machine from Plant Co under the following terms:
In addition to the above information,Yucca Co was granted a trade discount of 10%on the initial list price of the machine and a settlement discount of 5%if payment was received within one month of purchase.Yucca Co paid for the machine on 25 March 20X0.
Required
Explain how the above information should be accounted for in the financial statements of Yucca Co for the year ended 28 February 20X1.
(See'Related links'for the solution to Example 1.)
EXAMPLE 2
Construction of Ham Co’s new store began on 1 April 20X1.The following costs were incurred on the construction:
The store was completed on 1 January 20X2 and brought into use following its opening on the 1 April 20X2.Ham Co took out a$25m loan on 1 April 20X1 to aid construction of the new store(which meets the definition of a qualifying asset per IAS 23,Borrowing Costs).The loan carried an interest rate of 8%per annum and is repayable on 1 April 20X4.
Required
Calculate the amount to be included as PPE in respect of the new store and describe the impact that the above information would have on the statement of profit or loss(if any)for the year ended 31 March 20X2.
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