IFRS: Non-Financial Assets (excluding PPE)

by Wayne Bartlett

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.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

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.

Look inside

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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

Author

Wayne Bartlett

Specialising in public sector financial management and budgeting, Wayne has worked as a consultant and lecturer throughout the world.

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Access to this course
Total CPD unitshourshours1,000+ unitshourshours
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Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
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Why not upgrade?

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Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
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Find the best way to complete your CPD

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Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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