IAS 16 Property, plant and equipment
Associated Courses
Course Description
This e-learning course aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts.
Our instructors – experts in IFRS – designed the professional materials according to the IAS 16 Property, plant and equipment standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.
Course Structure
The e-learning introduces the following topics:
- Introduction
- Definitions:
-definition and categories of property, plant and equipments
-land and buildings, vehicles and machinery, furniture, fixture and fittings, construction in progress
- Recognition:
-types of recognition
-component-based approach, aggregated value
- Measurement:
-initial measurement -directly attributable costs, borrowing costs, qualifying assets
-subsequent measurement
–treatment of subsequent expenditures, depreciation, useful economic life of an asset, residual value, profit or loss on disposal of PP&E
- Disclosures
- Test your knowledge
Should Attend
This course is intended for professionals in financial and actuarial functions.
Prerequisites
There are no prerequisites to follow this eLearn
Assessment
A final quiz will test your knowledge.
Key-Features
This course will enable you to:
- understand the definition of property, plant and equipment
- identify the type of costs which should and should not be
- included in the value of property, plant and equipment at the time of initial recognition
- understand the proper accounting treatment under the component-based approach
- account for depreciation of property plant and equipment
- understand the correct accounting treatment of subsequent expenditures
- identify correct accounting journals for a disposal of property plant and equipment
- review IAS 16 standard’s disclosure requirements
Course Structure
The e-learning introduces the following topics:
- Introduction
- Definitions:
-definition and categories of property, plant and equipments
-land and buildings, vehicles and machinery, furniture, fixture and fittings, construction in progress
- Recognition:
-types of recognition
-component-based approach, aggregated value
- Measurement:
-initial measurement -directly attributable costs, borrowing costs, qualifying assets
-subsequent measurement
–treatment of subsequent expenditures, depreciation, useful economic life of an asset, residual value, profit or loss on disposal of PP&E
- Disclosures
- Test your knowledge
Should Attend
This course is intended for professionals in financial and actuarial functions.
Prerequisites
There are no prerequisites to follow this eLearn
Assessment
A final quiz will test your knowledge.
Key-Features
This course will enable you to:
- understand the definition of property, plant and equipment
- identify the type of costs which should and should not be
- included in the value of property, plant and equipment at the time of initial recognition
- understand the proper accounting treatment under the component-based approach
- account for depreciation of property plant and equipment
- understand the correct accounting treatment of subsequent expenditures
- identify correct accounting journals for a disposal of property plant and equipment
- review IAS 16 standard’s disclosure requirements
Register Your Interest: