?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Standardisation+of+plant+and+machinery+valuation+practices+in+Malaysia&rft.creator=Mohd+Nasir%2C+Abdul+Rahman&rft.subject=plant+and+machinery+valuation%2C+international+practices%2C+valuation+concept%2C+valuation+methodology%2C+valuation+process%2C+awareness+and+application%2C+Malaysian+valuers&rft.description=Plant+and+machinery+valuation+is+important+to+every+company.s+annual+financial+reporting.+It+is+reported+under+the+non-current+assets+section%2C+and+the+valuers+are+generally+employed+to+provide+the+up+to+date+valuation+of+the+non-current+assets+valuation+such+as+property%2C+plant+and+equipment+that+can+make+up+to+80%25+of+the+total+assets+of+a+company.+The+valuation+of+plant+and+machinery+is+also+important+for+other+purposes+such+as+securing+loan+facilities%2C+sales%2C+takeover%2C+insurance+and+auction.+The+application+of+2005+International+Financial+Reporting+Standard+(IFRS)+has+a+subsequent+impact+on+the+financial+sector%2C+as+a+whole.+The+accountants+have+to+choose+between+the+Historical+Cost+approach+and+Market+Value+approach+in+determining+the+value+of+the+client.s+assets.+In+Malaysia%2C+the+implementation+of+IFRS+has+a+domino+effect+on+the+financial+system%2C+especially+for+plant+and+machinery+valuation+for+financial+reporting.+The+comparison+data+for+plant+and+machinery+valuation+is+limited+unlike+land+and+building+valuation.+The+question+of+Malaysian+valuer.s+ability+to+comply+with+the+IFRS+standard+keeps+rising+every+day%2C+not+just+to+the+accountants%2C+but+also+other+related+parties+such+as+financial+institutions%2C+government+agencies+and+the+clients.+This+is+happening+because+of+different+interpretations+of+premise+of+value+for+plant+and+machinery%2C+as+well+as+methods+been+used+and+differences+in+standards+of+reporting+among+the+valuers+conducting+plant+and+machinery+valuation.+The+root+of+the+problem+lies+in+the+lack+of+practical+guidelines+governing+plant+and+machinery+valuation+practices+and+different+schools+of+thought+among+the+valuers.+Some+follow+the+United+Kingdom.s+RICS+guidelines%2C+whilst+some+valuers+are+more+comfortable+with+the+United+State.s+USPAP+rules%2C+especially+on+the+premise+of+value.+This+research+is+to+investigate+the+international+best+practices+of+plant+and+machinery+valuation+and+to+establish+the+common+valuation+concept%2C+awareness+and+application+of+valuation+methodology+and+valuation+process+for+plant+and+machinery+valuation+in+Malaysia.+This+research+uses+a+combination+of+the+qualitative+and+quantitative+research+approach.+In+the+qualitative+approach%2C+the+content+analyses+were+conducted+from+the+international+practices+and+current+Malaysian+implementation+of+plant+and+machinery+valuation.+A+survey+(quantitative+approach)+via+questionnaire+was+implemented+among+the+registered+and+probationary+valuers+in+Malaysia+to+investigate+their+understanding+and+opinion+relating+to+plant+and+machinery+valuation+based+on+the+current+practices.+The+significance+of+this+research+is+the+identification+of+international+plant+and+machinery+practices+and+the+understanding+of+current+practices+of+plant+and+machinery+valuation+in+Malaysia.+It+is+found+that+issues+embedding+plant+and+machinery+valuation+practices+are+limited+numbers+of+resources+available+either+from+scholars+or+practitioner.+This+is+supported+by+the+general+finding+from+the+research+survey+that+indicates+that+there+are+immediate+needs+for+practical+notes+or+guidelines+to+be+developed+and+implemented+to+support+the+Malaysian+valuers+practising+plant+and+machinery+valuation.+This+move+will+lead+to+a+better+understanding+of+plant+and+machinery+valuation%2C+reducing+discrepancies+in+valuation+of+plant+and+machinery+and+increased+accuracy+among+practising+valuers.&rft.publisher=Queensland+University+of+Technology&rft.date=2013&rft.type=Thesis&rft.format=application%2Fpdf&rft.relation=https%3A%2F%2Feprints.qut.edu.au%2F61056%2F1%2FAbdul_Mohd_Nasir_Thesis.pdf&rft.rights=free_to_read&rft.relation=Mohd+Nasir%2C+Abdul+Rahman+(2013)+Standardisation+of+plant+and+machinery+valuation+practices+in+Malaysia.+Masters+by+Research+thesis%2C+Queensland+University+of+Technology.&rft.id_number=https%3A%2F%2Feprints.qut.edu.au%2F61056%2F&rft.identifier=Science+%26+Engineering+Faculty