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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."
OEM – Original equipment manufacturer; OIBDA – Operating income before depreciation and amortization; OKR – Objectives and key results; OOF – Out of facility, used interchangeably with out of office and originating from the Microsoft Xenix mail system [11] OOO – Out of office; OPEX – Operating expenditure or operational expenditure
These firms play a crucial role in delivering complex projects on time and within budget. Various abbreviations used for this type of contract are LSTK for lump sum turn key, EPIC for engineering, procurement, installation & commissioning and EPCC for engineering, procurement, construction and commissioning.
PPA – Pounds of Proppant added; PP&A – permanent plug and abandon (also P&A [citation needed]) ppb – pounds per barrel; PPC – powered positioning caliper (Schlumberger dual-axis wireline caliper tool) [24] ppcf – pounds per cubic foot; PPD – pour point depressant; PPE – preferred pressure end; PPE – personal protective equipment
Equipment - (1) a category of cost for organizing and summarizing costs, (2) construction equipment used to execute the project work, (3) engineered equipment such as pumps or tanks. Escalation is defined as changes in the cost or price of specific goods or services in a given economy over a period. In estimates, escalation is an allowance to ...
PPA—Power Purchase Agreement (electricity) PPI—producer price index; ppmv—Parts Per Million by Volume; ppp—Purchasing power parity; PPR—Potential peak reduction; PREP—Pacific Regional Energy Programme; PRESSEA—Promotion of Renewable Energy Sources in South East Asia (PRESSEA) Prim—Primary (electricity) nuclear, hydro, geothermal ...
Nearly 160 accounting execs and partners were asked about why firms were making more auditing errors. The auditors were split on whether a better work-life balance could reduce the number of errors.
The construction field uses many terms not used in other forms of accounting, such as "draw" and progress billing. [1] Construction accounting may also need to account for vehicles and equipment, which may or may not be owned by the company as a fixed asset.