IFRS: Property, Plant and Equipment

by Wayne Bartlett

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.

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

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.

Look inside

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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

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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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,000+ unitshourshours1,000+ unitshourshours
Access period120 days120 days12 months12+ months
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Exclusive news and CPD every week plus monthly webinars, all year round
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Why not upgrade?

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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

Why not upgrade?

Find the best way to complete your CPD

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

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
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

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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