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Ind AS 16

Governs property, plant and equipment — recognition, subsequent measurement, depreciation and derecognition.

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Related terms

  • Ind AS 116

    Governs leases, requiring most leases to be recognised on the lessee's balance sheet as a right-of-use asset and a lease liability.

  • Ind AS 12

    Governs income taxes, including the recognition of deferred tax assets and liabilities.

  • Ind AS 19

    Governs employee benefits, including the actuarial valuation basis for defined benefit obligations such as gratuity.

  • Ind AS 2

    Governs inventories — the costs to include in valuing them, and the requirement to carry them at the lower of cost and net realisable value.

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231 terms in total, or go deeper with working procedures and worked examples in the resource library.

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