IFRS: Non-Financial Assets (excluding PPE)
IFRS 16: Leasing has seen the biggest change to IFRS for some years and came into effect January 2019. This course includes updates on the new IFRS as well as bringing together the accounting, reporting and disclosure requirements for important non-financial assets.
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This course will enable you to
- Gain a comprehensive understanding of the changes made to IFRS 16 Leasing
- Understand the accounting and reporting of inventories (IAS 2)
- Recognise and adhere to the different rules for tangible and intangible assets (IAS 38)
- Learn when to capitalise costs and when to write them off again profit or loss (IAS 23)
- Understand the specific rules surrounding investment properties (IAS 40)
About the course
IFRS 16 Leasing has had a major impact on the treatment of non-financial assets on the balance sheet of most companies, as well as having a knock-on effect on the treatment of borrowing costs.
Most business entities have significant assets other than property, plant and equipment to account for. Alongside leases, a thorough understanding of the Standards is critical whether you are reporting on physical inventories, intangibles, the capitalisation of borrowing costs, or work in progress. This course brings together the accounting, reporting and disclosure requirements for these important non-financial assets under the IFRS regime.
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Contents
- Inventories
- IAS 2 Inventories - Q&A
- All about IAS 2
- Measurement of inventories
- Net realisable value of inventory
- Overcoming barriers
- Intangible assets
- IAS 38 Intangible Assets - Q&A
- All about IAS 38
- Recognition and measurement
- Initial cost of an acquired intangible asset
- Research and development expenditure
- Valuing an intangible asset after recognition
- Amortisation on an intangible asset
- Intangible assets with indefinite lives
- More on information systems
- Leasing
- IFRS 16 Leases - Q&A
- IFRS 16 and IAS 17
- Reasons for the changes
- Impact of the changes
- Potential complications
- Exemptions from the new rules - Q&A
- IFRS 16 and the principles-based framework
- Borrowing costs
- IAS 23 Borrowing Costs - Q&A
- All about IAS 23
- Recognising borrowing costs
- Suspending or ceasing capitalisation of borrowing costs
- Borrowing costs and assets
- Investment properties
- All about IAS 40
- Investment property vs owner-occupied property
- Measurement at the point of recognition
- The fair value model
- Changes in use
- Transfers where investment property is carried at fair value
- Disclosure requirements for IAS 40
- IFRS resources
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| Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 800+ unitshourshours | 800+ unitshourshours |
| Access period | 120 days | 120 days Access to end 2025 | 12 months | 12+ months |
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Use CPA101 for 10% off any purchase.