Accounting for Properties: Quickchart App is an app that easily explains how properties are
categorised into two different types of properties, which are MFRS 116 Properties, Plant & Equipment
and MFRS 140 Investment Property. It also includes other relevant details such as the recognition,
measurement and derecognition of the properties. It helps students to compare the differences
between the two categories of properties which most of them find very confusing. It is free from
lengthy wordings so as to make it easier to understand as compared to the wordy accounting
standards. This app is an expansion of the previous MFRS 140: Investment Property QuickChart App
that only explains on a single type of property; the investment property.
categorised into two different types of properties, which are MFRS 116 Properties, Plant & Equipment
and MFRS 140 Investment Property. It also includes other relevant details such as the recognition,
measurement and derecognition of the properties. It helps students to compare the differences
between the two categories of properties which most of them find very confusing. It is free from
lengthy wordings so as to make it easier to understand as compared to the wordy accounting
standards. This app is an expansion of the previous MFRS 140: Investment Property QuickChart App
that only explains on a single type of property; the investment property.
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