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.
IFRS: Property, Plant and Equipment
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
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.
