The AAAG PPE (APPE) Accounting Guide is designed to provide technical accounting guidance on the application of the principles set out in IPAS 45 on the treatment of PPE (also known as fixed assets) in the preparation of the financial statements.
The Guide provides concise, practical guidance on applying IPSAS 45 to the recognition, measurement, depreciation, impairment, and disclosure of property, plant, and equipment (fixed assets) in the preparation of financial statements by member countries.
It interprets the requirements of IPSAS 45, illustrates their application through practical examples, and highlights areas where professional judgment is required. It is intended as a non-authoritative reference to support consistent understanding and implementation of IPSAS 45 across member countries. In the event of any conflict or inconsistency between this Guide and the standard, the provisions of IPSAS 45 shall take precedence.