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Property, Plant and Equipment: Proceeds before Intended Use – International Accounting Standards Board

Date recorded:

At its meeting on November 14, 2018, the IASB met to discuss how to proceed with this project, having considered the feedback on the proposed amendments. The Board tentatively decided to proceed with the proposed amendments with some modifications. Those modifications might include: (a) clarifications on how entities identify the costs related to sales of items produced before an item of property, plant and equipment is capable of operating in the manner intended by management; and (b) disclosure and presentation requirements. The Board will discuss the modifications to the proposed amendments at a future meeting.

Review the IASB Update and podcast on the Board's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.