IFRS: PPE and Other Non-Financial Assets
Non-financial assets represent a significant and varied area of IFRS accounting. This course explains the common principles that apply across standards, and the critical details that can affect the final outcome.
IFRS: PPE and Other Non-Financial Assets
This course will enable you to
- Choose an appropriate method to measure PPE
- Correctly recognise intangible assets in the financial statements
- Identify methods to measure inventory
- Follow the treatment of leases as detailed in IFRS 16
- Follow the treatment of investment property as detailed in IAS 40
About the course
Non-financial assets can make up a significant part of an organisation’s financial statements. With PPE, intangible assets, and inventory to consider, there are a number of standards we need to read and understand when preparing the financial statements.
This course provides structured coverage of the key IFRS standards governing non-financial assets. You’ll work through the accounting requirements for tangible non-current assets under IAS 16, impairment considerations under IAS 36, and the treatment of assets held for sale under IFRS 5. The course also covers IAS 38 for intangible assets, including goodwill and research and development, IAS 2 for inventory valuation, and other relevant standards such as IFRS 16 for leases, IAS 40 for investment property, and IFRS 6 for exploration and evaluation activities.
You’ll come away with a clear understanding of how to apply these standards in practice, from initial recognition through to measurement, depreciation, impairment, and disclosure. This course will give you the confidence to account for a wide range of non-financial assets accurately and consistently, and to provide sound technical support when advising clients or colleagues.
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Contents
How it works
Author
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.
