IFRS: Property, Plant and Equipment
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.
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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.
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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
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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 AAT101 for 10% off any purchase.