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IAS 16 applies to property, plant and equipment (PPE). The standard itself defines PPE as "tangible items that are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and are expected to be used during more than one [accounting] period."
The OSHA definition is arguably broad enough to include oxygen-deficient circumstances in the absence of "airborne contaminants", as well as many other chemical, thermal, or pneumatic hazards to life or health (e.g., pure helium, super-cooled or super-heated air, hyperbaric or hypo-baric or submerged chambers, etc.).
Employers must provide PPE when other control measures are still being developed or cannot adequately reduce hazardous exposure to safe levels. [16] Personal Protective Equipment (PPE) minimizes risks to health and safety when worn correctly, including items like earplugs, goggles, respirators, and gloves. However, PPE and administrative ...
The term is defined by the Occupational Safety and Health Administration (OSHA), which is responsible for PPE regulation, [2] as the "equipment that protects employees from serious injury or illness resulting from contact with chemical, radiological, physical, electrical, mechanical, or other hazards."
Personal protective equipment ranks last on the hierarchy of controls, as the workers are regularly exposed to the hazard, with a barrier of protection. The hierarchy of controls is important in acknowledging that, while personal protective equipment has tremendous utility, it is not the desired mechanism of control in terms of worker safety.
compatibility of items of personal protective equipment where it is necessary to wear or use more than one item simultaneously. the making, review and changing of assessments in relation to the choice of personal protective equipment. the maintenance (including replacement and cleaning as appropriate) of personal protective equipment.
Asset impairment was first addressed by the International Accounting Standards Board (IASB) in IAS 16, which became effective in 1983. [2] It was replaced by IAS 36, effective July 1999. [2] In United States GAAP, the Financial Accounting Standards Board (FASB) introduced the concept in 1995 with the release of SFAS 121. [3]
IAS 16 applies to property, plant and equipment (PPE). The standard itself defines PPE as "tangible items that are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and are expected to be used during more than one [accounting] period."