... otherwise they would be classified as intangible assets. Common examples of PPE are land and buildings, plant and machinery, motor vehicles, and fixtures and fittings. A tangible non-current ... recognition standards (IAS 18 Revenue and IAS 11 Construction Contracts). These are inconsistent and vague, and can be difficult to apply beyond simple transactions. In particular, those standards ... should recognise revenue and reduce the number of standards to which entities have to refer. This should remove inconsistencies and improve the comparability and understandability of revenue for...