IFRS: property, plant and equipment
Explore the key accounting requirements and disclosures to enable you to make sound judgements as well as to understand the standards.
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Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
- Recognise what the overall rule for a PPE asset is
- Understand how the cost of an asset is charged against profits in a way that reflects its usage
- Define key concepts in various PPE disclosures such as impairments and business combinations
- Decide if an asset is impaired and if so, what actions to follow
- Identify key rules with relation to estimating future cash flows, and recognising and measuring impairment losses.
About this course
Property, Plant and Equipment (PPE) plays a crucial role in the financial statements of many entities. This course explains all the key accounting requirements and disclosures to enable you to make sound judgements as well as to understand the standards.
Overview
E-learning |
|
3 - 5 hours |
|
IFRS |
Syllabus
Recognition rules
- What are the recognition rules for PPE?
- Objective and scope of IAS 16
- Capitalisation thresholds
- Initial PPE measurements
- What is the valuation of assets?
Depreciation
- What is depreciation?
- Depreciation
- What are the depreciation methodologies?
- Reviewing asset lives and residual value
- Accounting for depreciation
Disclosures
- What are the PPE disclosure requirements?
- Business combination
- What other disclosure requirements are there?
- Disclosures relating to revaluations
Impairments
- What are impairments?
- Overall objective of IAS 36
- How do you know if an asset is Impaired?
- Calculating value in use
- Estimating future cash flows
- Measuring an impairment loss.
How to access
You will be directed to an external site to complete purchase and VAT will be applied at checkout.
