AS- 10 Accounting for Fixed

Assets..
• Fixed Assets accounting for..
• Identification
• Measurement
• Valuation
• Revaluation
• Retirement and Disposal
• Determine value of fixed Assets…
• Purchase Price
• Change in cost Due to exchange rate
fluctuation
• Administration and general overhead
• Self Constructed Assets
• Fixed Assets Acquired in exchange(FMV)
• Subsequent Expenditure
Basket Purchase
 Government Grants and Borrowing
Cost
• Accounting for government Grant
• Specific Grant
– Capital Approach
– Income Approach
Non- Monetary at concessional rate
General Grant for a Project
 Borrowing Cost
• Capitalization
• Substantial Period of time
• Specific Borrowing
• Borrowing for Projects
• General Borrowing