The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment (PP&E) so that users of the financial statements can discern information about the entity’s investment in its PP&E and any changes in those investments.

IAS 16 Property, Plant and Equipment — 2011

For a more comprehensive introduction to the adoption of IFRSs, see the online course, IAS 16/IAS 38. You must be registered to access and purchase the course.

Further resources on IFRS/IAS

Other IFRS/IAS articles and Professional Development Courses on PD Net