IFRS: PPE and Other Non-Financial Assets

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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.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.
IFRS: PPE and Other Non-Financial Assets

IFRS: PPE and Other Non-Financial Assets

£100 +VAT

4 CPD Course 120 days’ access
Use ACPD101 for 10% off any purchase.
IFRS: PPE and Other Non-Financial Assets

IFRS: PPE and Other Non-Financial Assets

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

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.

Contents

Tangible non-current assets

Objectives and scope
Recognition and derecognition criteria
Dealing with PPE
Measuring PPE
Depreciation
Disclosures
Recognising impairments
Impairments
Valuing impairments
Assets held for sale
Discontinued operations

Intangible assets

IAS 38
What’s an intangible asset?
Identifying intangible assets
Recognition and measurement of intangible assets
Goodwill
Dealing with research and development
Research and development
After initial recognition
Amortisation
Disclosures

Inventories

Scope and objectives
Approaching inventory
Measuring inventory
Valuation bases
What is NRV?
Net realisable value
Inventory treated as an expense
Disclosures

Other standards involving non-financial assets

The background to IFRS 16
Leases for the lessee
Recognition and measurement for the lessee
Subsequent measurement for the lessee
The presentation of leases for the lessee
Disclosures for the lessee
The lessor
Recognition and measurement for the lessor
Disclosures for lessors
Investment property
IAS 40
Disclosures included in IAS 40
IFRS 6

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.