The following documents have been amended: IPSAS 1, IPSAS 17, IPSAS 28 and IPSAS 31. IPSAS No. IPSAS 17 to this separate page and reflected the decision made on equal authority. Guidance Notes 2 Guidance Notes aim to support organizations as they implementInternational Public Sector Accounting Standard(IPSAS) requirements. Perbandingan dengan IPSAS 17. 1 The final authority on IPSAS 17 Property, Plant and Equipment requirements is IPSAS 17. 17) has been revised for several times with the latest revision issued in January 2011. All the paragraphs have equal authority. 13. It is also consistent with the IASB’s approach.) of a non-current Equipment Asset under IPSAS 17 but is below the established threshold for capitalization. IPSAS 17 should be read in the Items of property, plant and equipment may be required for safety or IPSAS 17: Property, Plant and Equipment Objective. Ex a mp l e sof i n r tucss de d wk ,y water and power supply systems, and communication networks. MPSAS 17 18: Segmental Reporting The final authority on IPSAS 17 Property, Plant and Equipment (PP&E) requirements is IPSAS 17. Impact of IPSAS 17 Implementation 1. Objective of IPSAS 17 –To prescribe the accounting treatment for PPE so that users of FS can discern information about an entity’s investment in its PPE and any changes in such investments. 17: Property, Plant and Equipment Objective: To prescribe the principles for initial recognition and subsequent accounting for property, plant and equipment (carrying amount, depreciation and impairment loss) IPSAS No. Until recently, the standard (i.e IPSAS . Such equipment is treated as inventory for supply chain management purposes, however IPSAS 17 PPE.doc 04/04/2008 Page 3 of 22 DRAFT: IPSAS 17 PROPERTY, PLANT AND EQUIPMENT ACCOUNTING POLICIES AND PRACTICES February 2007 These accounting policies and recommended practices are subordinate to the Standard. One of the major differences between the current cash-based accounting system and accruals-based accounting is that in the cash-based system PP&E expenses are expensed when there is a cash outlay. The objective of IPSAS 17 is to prescribe the accounting treatment for property, plant and equipment so that users of financial statements can discern information about an entity's investment in its property, plant and equipment and any changes in such investment. 2.0 IPSAS 17- Property, Plant and Equipment The International Public Sector Accounting Standards Board (IPSASB) has publishedIPSAS 17 on Property, Plant and Equipment December 2001. One of the major differences between the current cash-based accounting system and accruals-based accounting is that in the cash-based system PP&E expenses are expensed when there is a cash outlay. Initial Costs 22. If a conflict between guidance and the Standard is identified, the requirements of the Standard apply. Semua perenggan mempunyai kuasa yang setara. MPSAS 17 -Hartanah, Loji dan Peralatan 3 Piawaian Perakaunan Sektor Awam Malaysia (MPSAS) 17, Hartanah, Loji dan Peralatan, dinyatakan dalam perenggan 109. The International Public Sector Accounting Standard 17 Property, Plant and Equipment (IPSAS 17) is set out in paragraphs 1-108 and the Appendix. IPSAS 17 PP&E - as adopted by the Maltese Government 5 B. IPSAS 17 Property, Plant, and Equipment provides the fundamental guidance surrounding the classification, recognition, measurement, and disclosure requirements of property, plant, and equipment. Impact of IPSAS 17 Implementation 1. IPSAS 17 as adopted by the Maltese Government 9 PU B L IC S E C T O R equipment and should be accounted for in accordance with this Standard. (2) All of the amendments in the 2015 Improvements to IPSASs are effective for annual periods beginning on or IPSAS 17 PP&E - as adopted by the Maltese Government 5 B. 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