IFRS: Property, Plant and Equipment

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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.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

IFRS: Property, Plant and Equipment

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

IFRS: Property, Plant and Equipment

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • 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 the course

Property, Plant and Equipment (PPE) plays a crucial role in the financial statements of many entities. They often make up one of the largest items on the statement of financial position, and also play a big part in the statement of comprehensive income through the charging of depreciation and impairment.

This course looks at accounting for PPE through IAS 16, which covers PPE specifically, and IAS 36, which covers the connected issue of impairment.

Contents

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 it works

Author

Wayne Bartlett

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.